26 Downer Pl Aurora, IL 60505

This exceptional mixed-use property, located at 26 E Downer Place in Aurora, Illinois, presents a compelling investment opportunity. The 4,200 square foot building boasts a prime location in Aurora's vibrant Stop Island – Downtown Historic District, situated on the burgeoning East and West Downer Street corridor. Currently 100% leased, this property offers a strong 9.15% capitalization rate, making it an attractive option for income-seeking investors. The building's layout comprises two distinct levels. The first floor encompasses 2,800 square feet of retail space, including a finished lower-level walk-out area, ideal for a variety of commercial uses. The second floor features a beautifully renovated 1,400 square foot, one-bedroom apartment with a den, completed in 2007. This historic two-story structure benefits from its proximity to a thriving array of amenities, including restaurants, coffee shops, fitness centers, medical practices, art galleries, retail stores, design studios, holistic healthcare providers, legal and insurance offices, and Aurora City Hall. This strategic location within a revitalized downtown area ensures strong tenant demand and potential for future appreciation. The property is offered at $495,000. Please allow at least 48 hours' notice for scheduling a showing.