131 W Illinois Ave
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131 W Illinois Ave
8,927 SF 100% Leased Retail Building Aurora, IL 60506 $699,000 ($78/SF)
Executive Summary
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!
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!
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,927 SF
Building Class
C
Year Built
1929
Price
$699,000
Price Per SF
$78
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.40 AC
Zoning
B-2
Parking
20 Spaces (2.24 Spaces per 1,000 SF Leased)
Frontage
100 FT on Illinois
Amenities
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Tenant Controlled HVAC
- Air Conditioning
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $75,355 | |
| Land Assessment | $44,282 | Total Assessment | $119,637 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$44,282
Improvements Assessment
$75,355
Total Assessment
$119,637
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131 W Illinois Ave
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