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COMPANY 251 251-261 S River St

50,000 SF 100% Leased Industrial Building Aurora, IL 60506 $3,000,000 ($60/SF)

Investment Highlights

  • CO251 occupies 2 of the 5 floors - space can easily to be turned into condos, co working space, showroom, etc. all plumbing, electrical + fire systems
  • New roof, AC, Heating, windows, bathrooms, electrical, sprinkler system, passenger elevator, flooring, patio (complete gut + build in 2017)

Executive Summary

The 1908 historic building that was originally the international harvester manufacturing co. has been transformed into a 21st century luxury event space.
This historic building contrasted by modern design spares no expense in creating a luxurious event space boasting an extraordinary level of detail. Marble Hexagon flooring illuminates amidst customized handmade lighting, detailed millwork, and exposed brick walls. Hand chosen brass elements throughout give way to stunning wood columns, towering windows, and an incomparable glass overhead door flooding natural light into this 20,000 sq/ft space. Co. 251 is a luxury venue space available to private events, concerts, productions, exhibitions, and corporate parties; personally crafting a luxury experience for you and your guests.
This is a turnkey banquet and conference business center taking up only 1/2 of the space! 20,000sq ft is designed for events leaving 30,000 sq ft still available for other future business plans. Each individual floor has all plumbing, electrical and fire systems in place already. All equipment is included. The venue is the most sought out in the suburbs and a well-established book of business.
REAL ESTATE
+1.5 mil if business is purchased
CO251 occupies 2 floors of the 5 space can easily to be turned into condos, co working space, showroom, etc. all plumbing, electrical + fire systems

Property Facts Under Contract

Price $3,000,000
Price Per SF $60
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront Retail/Residential
  • Showroom
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.59 AC
Rentable Building Area 50,000 SF
No. Stories 5
Year Built 1908
Parking Ratio 0.36/1,000 SF
Clear Ceiling Height 12 FT 5 IN
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1

Amenities

  • 24 Hour Access
  • Fenced Lot

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Moveable Feast & Co
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Moveable Feast & Co Arts, Entertainment, and Recreation 99,999 SF - -
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-21-478-010
Land Assessment
$27,757
Improvements Assessment
$147,172
Total Assessment
$174,929

zoning

Zoning Code M-1, Aurora
M-1, Aurora
  • Listing ID: 30339236

  • Date on Market: 12/11/2023

  • Last Updated:

  • Address: 251-261 S River St, Aurora, IL 60506

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