Aurora, Illinois, offers a unique opportunity for investors to capitalize on the city's rich history of manufacturing and its strategic location within the Chicago metropolitan area. Commercial Land for Sale in Aurora presents an attractive investment option, given the city's strong infrastructure, amenities, and educational institutions. As a hub for education, Aurora is home to institutions like Aurora University and branches of community colleges, making it an ideal location for businesses that cater to the student population. The city's infrastructure, including the Aurora Municipal Airport, the Aurora Transportation Center, and the Metra commuter rail system, provides easy access to Chicago and other neighboring cities. Additionally, the presence of major corporations like Lyon Workspace Products, Caterpillar Inc., and Western Electric underscores the city's potential for economic growth.
With 56 Commercial Land listings available for sale in Aurora, investors have a range of options to choose from. The average price per square foot is $544 USD, and the average size of these listings is 1,314 square feet, with the largest property spanning 1,314 square feet. The average cap rate for these listings is. In addition to Commercial Land, Aurora also offers other property types, including residential properties, office spaces, and industrial facilities. The city's diverse economy, rich history, and cultural attractions, such as the Paramount Theatre and the Hollywood Casino, make it an attractive location for businesses and residents alike. Overall, Aurora presents a unique opportunity for investors to capitalize on the city's growth potential and diversify their portfolios.
What are common commercial uses for land in the Aurora market?
Commercial land in Aurora, Illinois is often utilized for industrial and manufacturing purposes, given the city's rich history in these sectors, with companies like Caterpillar Inc. and Lyon Workspace Products having a significant presence in the area. Additionally, the land is also used for transportation and logistics, taking advantage of the city's strategic location along the Fox River and its access to major transportation hubs, including the Aurora Municipal Airport and the Metra commuter rail system.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Aurora, Illinois, there are several common ways to do so. For instance, investors can buy land directly from property owners, work with a commercial real estate broker, or explore online marketplaces like LoopNet, which offers a comprehensive guide on how to buy land and provides valuable insights on the process.
