Commercial Land in North Aurora 1815 Oak St Lot | Terrain commercial | 4,05 ha | À vendre | 2 506 760 € | North Aurora, IL 60542

Excellent development opportunity for a retail developer. Part of an existing 38 acre site, seller will split roughly 10 acres off the southwest corner, with frontage Orchard Road. Owner plans to sell the back portion of site to a apartment or town home developer. The property is already annexed to the Village of North Aurora and zoned B-2/R-4. The village prefers a retail use at the property. Current zoning allows most commercial uses. If desired, a retail buyer can purchase more than 10 acres, up to the entire 38 acre site. Per the annexation agreement, the entire 38 acres can be developed as retail.
The surrounding suburbs are running out of developable land and many commercial dwellings are at full capacity with little to no inventory. The site enjoys business friendly community with low Kane County real estate taxes. The village will welcome big box retail developers offering variety
tax incentives. Great fit for a grocery store, car dealership, hotel, big box retailer, entertainment, or children's concept.