597 S Lake St - Storefront Retail/Residential FOR SALE


Aurora, IL 60506- South End
$569,900 USD
224-616-8328
597 S Lake St, Aurora, IL for Sale
$569,900 USD
Storefront Retail/Residential - FOR SALE
1/32
null | 9.59% Cap Rate

597 S Lake St
Aurora, IL 60506
South End


HIGHLIGHTS

  • Dual Income Streams: The property cleverly combines a high-visibility retail space on the main floor with a spacious 3-bedroom apartment upstairs.
  • Separate Utilities: Each unit having its own utilities simplifies management and ensures tenants are responsible for their own consumption.
  • Ample parking with a 2.5-car garage and private lot, along with a full basement for the retail space offering extra storage or expansion potential.

OVERVIEW

**Prime Aurora Investment Property with High-Visibility Retail Space** This fully updated property presents an exceptional investment opportunity in a prime Aurora location. Ideal for owner-occupiers or investors seeking a turnkey solution, this property features: * **Ground Floor Retail:** High-visibility storefront with a full basement for storage or expansion, plus ADA-compliant access. * **Income-Generating Apartment:** Spacious 3-bedroom, 2-bathroom apartment on the upper level, fully renovated with modern amenities including a laundry room, sunroom, and updated kitchen. * **Separate Utilities:** Each unit is separately metered for efficient management and tenant responsibility. * **Ample Parking:** Includes a 2.5-car garage and a private parking lot for tenant and customer convenience. * **Recent Updates:** New roof, siding, and gutters (2024) ensure minimal maintenance and worry-free ownership. **Maximize your investment potential with this versatile property!** **Contact us today to schedule a showing or for more information.** **Serious inquiries from pre-approved buyers or those with proof of funds only.** **Key Changes for LoopNet:** * **Emphasis on Commercial Aspect:** The listing highlights the retail space and its features upfront. * **Concise and Direct Language:** Uses strong, concise language to attract attention and convey key information quickly. * **Call to Action:** Encourages potential buyers to take the next step by contacting the seller. * **Target Audience:** Focuses on investors and owner-occupiers looking for a turnkey commercial property. * **Professional Tone:** Maintains a professional tone throughout, suitable for a commercial real estate platform.

FOR SALE DETAILS

PRICE

$569,900 USD

PRICE/SF

$158 USD /SF

CAP RATE

9.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Commercial

APN/PARCEL ID

15-28-127-046

ASK ABOUT THIS PROPERTY

Asish KurianColdwell Banker RealtyMore Info
224-616-8328

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Asish KurianColdwell Banker RealtyMore Info
224-616-8328

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