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16 S Locust Street

Aurora, IL 60506
  • $235,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 11268706
UPDATED: 122 min ago
$235,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

See this Value-Add opportunity located just 2 blocks from Downtown Aurora's business core. Situated near the corner of Galena and Locust, this building has high-visibility with approximately 10,900 Average Daily Traffic (ADT). The traffic is so good, that McDonald's is located across the street from this building and just a block over is Dollar General. This asset was originally built in 1900 and then in about 1970 the addition on the back of the building was erected. Overall, the building has been maintained very-well featuring new roof (20'), face brick, windows, 2 New Furnaces (20'), water heater, new plumbing, new electric and panels, new flooring and paint, and more! Currently, this building features 8 generous sized offices. 2 of the offices are currently occupied with long term tenants on month to month lease and want to continue leasing. There is potential to add on additional offices - one upstairs and 1, maybe 2 in the back part of the building. Ideal tenants are attorneys, accountants, insurance, housing services for elderly, retail, real estate services, health and human services, social service charitable org's and more. SELLER FINANCING AVAILABLE. Schedule a showing today and let's talk!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-03T23:58:51.28 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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16 S Locust Street Aurora, IL 60506

  • Price: $235,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 122 min ago
  • MLS #: 11268706
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Aurora / Eola
County:
Kane
Area:
Aurora / Eola
Property Description
See this Value-Add opportunity located just 2 blocks from Downtown Aurora's business core. Situated near the corner of Galena and Locust, this building has high-visibility with approximately 10,900 Average Daily Traffic (ADT). The traffic is so good, that McDonald's is located across the street from this building and just a block over is Dollar General. This asset was originally built in 1900 and then in about 1970 the addition on the back of the building was erected. Overall, the building has been maintained very-well featuring new roof (20'), face brick, windows, 2 New Furnaces (20'), water heater, new plumbing, new electric and panels, new flooring and paint, and more! Currently, this building features 8 generous sized offices. 2 of the offices are currently occupied with long term tenants on month to month lease and want to continue leasing. There is potential to add on additional offices - one upstairs and 1, maybe 2 in the back part of the building. Ideal tenants are attorneys, accountants, insurance, housing services for elderly, retail, real estate services, health and human services, social service charitable org's and more. SELLER FINANCING AVAILABLE. Schedule a showing today and let's talk!
Exterior Features

Docks None Exterior Building Type Aluminum SidingBrickCedar Foundation Details Concrete PerimeterStone Frontage Type City Street Outdoor Parking 1-5 Spaces Parking Total 5 Roof CompositionMetal Roof Structure Pitched

Interior Features

Cooling Central AirWindow Unit(S) Fireplaces Total 0 Flooring CarpetVinyl Heat Ventilation Forced AirGas Miscellaneous Inside Multi-TenantPrivate Restroom/SStorage InsideBasement Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 0 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 2900 Built Before1978 YN Yes Current Use Commercial Electric Circuit BreakersService - 101 To 200 Amps Fire Protection Fire Extinguisher/SOtherCarbon Monoxide Detector(S) Geographic Locale Northwest Suburban Gross Income 9600 Gross Scheduled Income 9600 Insurance Expense 0 Location Mixed Use Area Number Of Tenants 3 Operating Expense 0 Ownership Types Individual Possible Use CommercialOffice And ResearchRetail Property Sub Type Mixed Use Rental Price 0 Seller Needs CashCash And PaperNew OpportunityPaperOther Seller Will Add CashAdd Existing PaperCreate PaperOther Tax Annual Amount 6739 Tax Year 2020 Tenant Pays Other Total Monthly Income 800 Township Aurora Type Mixed Use Utilities Electric To SiteGas To SiteSanitary SewerWater To Site Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Exp Realty, Llc.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-03T23:58:51.28 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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