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307 S Lincolnway St 1.42 Acres of Commercial Land Offered at $264,900 in North Aurora, IL 60542

Executive Summary
Designed for flexible commercial uses, the lot is zoned B-3 (Central Business), making it well-suited for retail, office, or service-oriented development. All utilities are available at the site, and its inclusion in the Route 31/Lincoln Highway TIF District enhances potential for financial incentives, bolstering the project’s long-term feasibility.
Surrounded by a robust mix of national retailers, dining, and local businesses, the property also lies within a thriving trade area that includes strong demographic support. Within a five-mile radius, over 191,000 residents and nearly 66,000 households generate significant consumer demand. This development site offers a rare opportunity to establish a presence in a highly accessible and growing commercial corridor.
Property Facts
| Price | $264,900 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.42 AC |
| Property Type | Land | ||
| Zoning | B-3 - Central Business | ||
| Price | $264,900 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.42 AC |
| Zoning | B-3 - Central Business |
1 Lot Available
Lot
| Price | $264,900 | Lot Size | 1.42 AC |
| Price Per AC | $186,549.30 |
| Price | $264,900 |
| Price Per AC | $186,549.30 |
| Lot Size | 1.42 AC |
The property benefits from 118 feet of frontage on Lincolnway Street (Route 31) and is situated within a high-traffic corridor with approximately 21,100 vehicles passing daily.
Description
The property is situated in North Aurora, Illinois, with direct access to Interstate 88 and frontage along South Lincolnway (Route 31). The site lies adjacent to Fox River and is located near Sullivan Road and East Sullivan Road. It is positioned within a commercial corridor that includes automotive service, quick-serve restaurants, and retail concepts. The area has local connectivity to Orchard Road and Route 56, and regional connectivity via I-88 leading toward Naperville and Aurora.
Property Taxes
| Parcel Number | 15-09-226-005 | Improvements Assessment | $0 |
| Land Assessment | $21,500 | Total Assessment | $21,500 |
Property Taxes
Presented by
307 S Lincolnway St
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