131 W Illinois Ave - Freestanding FOR SALE


Aurora, IL 60506- Downtown Aurora
$699,000 USD
630-313-4257
131 W Illinois Ave, Aurora, IL for Sale
$699,000 USD
Freestanding - FOR SALE
1/42
null | Request Cap Rate

131 W Illinois Ave
Aurora, IL 60506
Downtown Aurora


OVERVIEW

Introducing a unique investment opportunity at 131 W Illinois Avenue, a mixed-use building that offers both commercial and residential potential. This property features 6 units (2 commercial units and 4 residential apartments) providing a diverse income stream. Property Highlights: Mixed-Use Building- 6 units total, offering a blend of commercial and residential spaces. Residential Apartments- 4 leased apartments, adding significant value to the property. Spacious- Boasting an expansive 8,927 square feet of space. Ample Parking- 20 private parking spots. Competitive List Price- Offered at $699,000, this property presents an attractive investment for the discerning buyer. Location- Situated in the heart of Aurora, IL, at 131 W Illinois Ave, a location with high visibility and traffic. Billboard lease with Lamar through 2028 and adjacent to Fox Valley Park District's Cole Center and Prisco Center. Value-Add Opportunity- With its current configuration, there is ample opportunity to enhance the property's value through strategic improvements and leasing efforts. This is more than just a building; it's a chance to own a piece of Aurora's vibrant community. Whether you're looking to expand your portfolio or find a new home for your business, this property is a versatile option that can cater to various needs. Don't miss out on this chance to invest in a property with untapped potential. Contact us today to schedule a viewing and take the first step towards your next successful venture!

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

B-2

APN/PARCEL ID

15-15-328-021,15-15-328-028

ASK ABOUT THIS PROPERTY

Nicholas ScanlanBEI Commercial Real EstateMore Info
630-313-4257

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Nicholas ScanlanBEI Commercial Real EstateMore Info
630-313-4257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.