Listed by Dolan and Murphy
$2,420,000
209 - 223 S Lincolnway
Details
Property Type Industrial, Land
Sub Type Apartment Building, Commercial
Square Footage 39,500
Units 9
Cap Rate 7.00%
NOI $169,257
Tenancy Multi
Price per SqFt $61
Class B
Year Built 1961
Acreage 3.740
Zoning B-3, Central Business District
Multi-Building Mixed-Use Investment in North Aurora, IL
Marketing description
Dolan and Murphy, Inc. has been retained to exclusively offer for sale Lincolnway Commercial Center, a 39,500 SF commercial center with seven buildings on-site. The property sits on a 3.74-acre lot and is located one block north of the I-88/Route 31 interchange in North Aurora IL. Strong demographics with nearly 30,000 households within three miles of the property. *Brokers have ownership interest in this property*
Investment highlights
- Many stable tenants
- Additional buildable lots can be purchased separately or as a package
- Property consists of six individual commercial buildings, with one building having two residential apartment units. Additionally, there is one warehouse building on the site.
- Additional lots have commercial, multifamily residential potential with great Fox River views.
- Many national restaurants in a 1-mile radius as well as a large hospital campus 1/2 mile south
Listing Contacts
Listed by Dolan and Murphy
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,257.00
$14,104.75/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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