Mixed use for sale

Retail-Commercial for Sale
Catylist Listing ID: 30164348
Property Subtypes: Street Retail
Building Size (RSF): 8,927 SF
Gross Building Area: See Agent
Sale Price: $378,300
Unit Price: $42.38 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

This building is a great investment in the heart of downtown Aurora across from the Prisco Center. The building has four rented one bedroom apartments and two commercial spaces on the first floor. The building has an 8 CAP Rate and if the second retail space on first floor is occupied could generate a 10 plus CAP Rate.

Current Tenants

Tenant Business Name FVFC
Contact Name Kevin Geary
Phone Number 630-466-4673
Toll-Free Number 630-466-4673
Industry Type Other Services
Is Renting? Yes
Annual Revenue $6,600 (Annual)
Employees Total 5
Tenant Business Name Apartments
Contact Name Kevin Geary
Phone Number 630-466-4673
Toll-Free Number 630-466-4673
Is Renting? Yes
Annual Revenue $31,980 (Annual)

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Kane
Taxing Authority: Aurora
Zoning: B-2
Retail Clientele: Family
Property Visibility: Excellent
Largest Nearby Street: Lake st (Route 31)
Traffic/Vehicle Count: 29,000
Highway Access: I88
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1920
Roof Type: Arched
Construction/Siding: Block, Wood Frame
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,362 149,432 264,792
Median Age: 28.41 30.9 32.27
Households: 7,633 45,759 85,876

Contact

Photograph of Listing Agent

Kevin Geary

Advanced Realty Consultants
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