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$350,000 Just Listed
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Property Description
This property features a mixed use 2 story commercial space and a residential apartment, making it ideal for investors or owner. Users looking to operate a business while generating supplemental rental income. Main Level: Spacious commercial storefront with excellent visibility and steady traffic along S Lake St. Perfect for retail, office, or a service based operation. Walk-Out Basement: Fully accessible ideal for storage, studio use, workshop space. Second Floor: Bright and well maintained 1-bedroom apartment with a private entrance ideal for an owner-occupant, on-site manager, or traditional rental. A major advantage of this property is its large private parking lot, offering approximately 15 parking spaces a rare convenience for businesses and tenants in this area. Located near the heart of downtown Aurora, the property benefits from high visibility, close proximity to public transportation, restaurants, shopping, and local attractions. The flexible layout provides endless possibilities for creating the ideal environment to fit your business needs, whether you're launching, expanding, or relocating. Second Parcel Number is 15-21-476-008 currently being used as a parking lot for the existing commercial building. Taxes for the second parcel are 430.66.
Full Property Details
Full Property Details for 218- 220 S Lake St
General
- Price: $350,000
- Taxes: $3,307 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12573854
- Updated: 2/20/2026
- Added to Site: 1 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Aurora / Eola
- County: Kane
- Driving Directions: I-88 to Lake street/ route 31 approximately 5 miles south.
- Location Details: Far West, Mixed-Use Area, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Wood, Cedar
- Exterior Const.: Wood, Cedar
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 924
- # of Stores: 1
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 2
- Units w/Range/Oven: 1
Lot Features
- Lot Size (Sq. Ft.): 7,840
- Lot Dimensions: 7840.8
- Potential Use: Commercial, Legal Non-Conforming, Retail
- Zoning: COMMR
Financial Considerations
- Lease Price: $36
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1900
- Tax Amount: $3,307.28
- Tax Year: 2024
Disclosures and Reports
- Property ID: 1521476007
Listed by Keller Williams Innovate - Aurora
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Schools
Schools serving 218- 220 S Lake St
School District:Aurora West Unit School District 129
| Name | Grades | Distance |
|---|---|---|
Nicholson Elementary School 649 North Main Street, Montgomery, IL 60538 | K-5 | 1.8 mi |
Washington Middle School, Aurora, IL 231 South Constitution Drive, Aurora, IL 60506 | 6-8 | 2.3 mi |
West Aurora High School 1201 West New York Street, Aurora, IL 60506 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 218- 220 S Lake St
Date
Details
Price
Change
Source
2/20/2026
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 218- 220 S Lake St
218- 220 S Lake Street, Aurora, IL 60506 (MLS# 12573854) is a Commercial property. 218- 220 S Lake Street is currently listed for $350,000 and was received on February 20, 2026. Want to learn more about 218- 220 S Lake Street? Do you have questions about finding other Commercial real estate for sale in Aurora? You can browse all Aurora real estate or contact a Coldwell Banker agent to request more information.

