For Sale
$2,420,000

209 Lincolnway North Aurora, IL 60542

Mixed-use investment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional mixed-use investment property, located at 209-223 S Lincolnway in North Aurora, IL 60542, presents a compelling opportunity for investors seeking a diversified portfolio. The property encompasses 39,500 square feet across seven buildings situated on a 3.74-acre lot, just one block north of the I-88/Route 31 interchange. The property features a mix of commercial spaces and two residential apartment units within one building, along with a separate warehouse. The six commercial buildings are currently occupied by a number of stable tenants. This Class B property boasts a strong NOI of $169,257, resulting in a 7.00% cap rate, and is offered at $2,420,000 ($61.27/sq ft). Built in 1961, the property is zoned B-3, Central Business District, and benefits from excellent demographics, with nearly 30,000 households within a three-mile radius. The strategic location provides easy access to major transportation routes and is surrounded by numerous national restaurants and a large hospital campus. Additional buildable lots are available for purchase separately or as a package, offering significant potential for future development and expansion, with views of the Fox River. This multi-building complex presents a rare opportunity to acquire a well-established, income-producing asset with significant upside potential. The property includes nine units in total.

Highlights

  • Multiple stable tenants generating strong cash flow.
  • Adjacent buildable lots available for purchase separately or as a package.
  • Seven-building complex: six commercial buildings, one with two residential units, and a separate warehouse; totaling 39,500 square feet on a 3.74-acre lot.
  • Additional lots offer potential for commercial or multifamily development with Fox River views.
  • Excellent location near I-88/Route 31 interchange, numerous national restaurants, and a major hospital.

Property Details for 209 Lincolnway

Property type
Retail properties, Mixed-use properties
Square Feet
39,500 SF
Class
B
Year Built
1961
Lot Size (sq. ft)
162,914 SF
Units
9

Location Insight

City
North Aurora
County
Kane
State
Illinois
Latitude
41.797777
Longitude
-88.3244162
209 Lincolnway, North Aurora, Illinois

FAQs

What type of property is this?
Retail property - Mixed-use investment opportunity
Where is the retail property located?
The property is located at 209 Lincolnway North Aurora, IL.
What is the asking price?
The asking price for this property is $2,420,000.
What are key features of this property?
This property features: Multiple stable tenants generating strong cash flow.; Adjacent buildable lots available for purchase separately or as a package.; Seven-building complex: six commercial buildings, one with two residential units, and a separate warehouse; totaling 39,500 square feet on a 3.74-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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209 Lincolnway
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