1127 Dearborn AveAurora, IL 60505

Property Details for 1127 Dearborn Ave

Year built

1956

Construction

CONCRETE BLOCKS

Lot size

0.15 AC

Property size (Sq ft)

5,600 SF

Property type

Commercial real estate

APN

15-23-203-006

APU

1523203006

Description

This exceptional 21,200 square foot building, located at 1127 Dearborn Avenue in Aurora, Illinois, presents a unique investment opportunity. Situated on the east side of Aurora, near Farnsworth Avenue and with convenient access to I-88, this three-unit structure boasts a rich history as a multi-tenant auto repair facility for many years. Each unit is well-suited for auto repair, body work, or similar automotive services. A paint booth is included within the building, adding significant value for potential automotive businesses. However, the versatility of this property extends beyond automotive uses. The spacious layout and ample square footage make it equally suitable for various industrial or warehouse operations. While the building would benefit from some cosmetic improvements and general maintenance ("TLC"), the substantial rental income potential is a key selling point. Projections indicate an annual rental income of approximately $150,000, representing a strong return on investment. This property is a rare find in a desirable location, offering significant upside for the right buyer. The building sits on a lot with no acreage listed. This is a prime opportunity to acquire a well-located, multi-unit building with significant income potential.

• Alternative Use

  Use

  Valuation

  Residential

  $1,157,374

  Hospitality

  $1,060,148

  Educational

  $882,031

  Medical

  $912,365

  Retail

  $1,372,048

Location Insight

City

Aurora

County

Kane

State

Illinois

Latitude

41.767

Longitude

-88.2875

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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