Seller is NOW including the restaurant and fixtures as part of this offering. I deal opportunity to own the Business and Building with an extra unit for additional income. This is 0ne of 2 Side-by-Side Opportunities ( Each Opportunity includes 2 Commercial Rental Units - for a total of 4 possible rental Units ) for any Smart investor to own. Buy 1 or Buy them both, and most everything about them has been replaced, repaired, improved and/or upgraded. You can own the entire corner ( a total of 4 Commercial rental Units) just south and east of Downtown Aurora. Nestled in a quiet neighborhood, either opportunity has Commercial Kitchen opportunities. Restaurant is an active Tenant, and owns most equipment separately.
This 3.36 prime commercial corner property is "ripe for picking". Great Frontage along Farnsworth and deep frontage along Molitor Avenue. Just one block off the I-88 S Farnsworth Exit. Utilities are nearby with stoplight corner. Zoned B-2 for commercial or can potentially be for convenience stores, restaurants, retail etc. Perfect size allows for easy ingress and egress to Farnsworth and ample depth for parking and a number of entrance possibilities. Call for additional site information.
Reduced Price: For Sale 100% Occupied (two apartments and one retail space (retail space under a 5yr lease expiring in 2029 w/ one 3 yr option. Tenant funded build out underway with lease payments starting June 2024)... new pricing brings Cap Rate to 9.46%! Unheard of for this beautifully mix use three story property in the heart of Historic Downtown Aurora IL which is entering into an exciting Growth Phase and transforming into become a desirable and affordable Urban Lifestyle Destination. With multiple City and Development projects completed and currently underway. Aurora is surrounded by, Multi-Cultural Diversity, Arts, Entertainment, Dining and Proud Vibrant and Supportive Community with wonderful and popular civic events such as First Fridays, Farmers Markets and various family events, parades and other festivities throughout the year. This property has great visibility from West bound New York Street and South and North bound North Broadway. City parking lot in very close proximity. Located within walking distance to Metro Train Station and nearby entertainment which includes but not limited to Paramount Theater, RiverEdge Park, The Venue, French 75 and a variety of Restaurants, Pubs, Coffee Houses, Art Galleries and Artisans' Shops and a Music Scene that is in its infancy.... Aurora has blossomed and continues to do so since this properties transformation in 2018... with two beautifully updated 2 bedroom / 2 bath and fully rented residential units equipped with updated kitchen appliances, washer/dryer. The 1,500 sq/ft retail space, ideal for professional services, office, retail, etc..... This property is perfect for Owner Occupant and/or Investor. Financial qualifications required prior to scheduling showings. Contact the Listing Agent for more details.
Vacant lot on I-88 & Selmarten Rd. This 13.66 acre consists of 5 parcels, located across from the Chicago Premium Outlet Mall on I-88. Majority zoned R5 for multi-family and small section zoned R1. Lots of new developments going on in the area. Utilities on site. Great potential and has high visibility from I-88. The new Hollywood Casino will be located near I-88 and Farnsworth Avenue, near the outlet mall.
The median home value in Aurora, IL is $179,500. This is lower than the county median home value of $236,500. The national median home value is $219,700. The average price of homes sold in Aurora, IL is $179,500. Approximately 60.54% of Aurora homes are owned, compared to 32.98% rented, while 6.48% are vacant. Aurora real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Aurora real estate agent to arrange a tour today!
Aurora, Illinois 60505 has a population of 200,946. Aurora 60505 is more family-centric than the surrounding county with 44.73% of the households containing married families with children. The county average for households married with children is 39.24%.
The median household income in Aurora, Illinois 60505 is $66,848. The median household income for the surrounding county is $74,862 compared to the national median of $57,652. The median age of people living in Aurora 60505 is 32.8 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 38.4 inches per year, with 27.1 inches of snow per year.