31 Downer PlAurora, IL 60506

  • Commercial real estate
  • 23,120 SF
For Lease
$17/SF/YR View listing

Property Details for 31 Downer Pl

Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.19 AC
Property size (Sq ft)
23,120 SF
Property type
Commercial real estate
APN
15-22-306-017
APU
1522306017

Description

This exceptional 515-square-foot executive office suite is located in a historic, multi-tenant building at 31 W Downer Pl, Unit #406, Aurora, IL 60506. Built in 1910, this 28,900-square-foot building offers a blend of character and modern convenience. The suite is part of a thriving business community, boasting over 30 tenants representing a diverse range of local businesses. Building amenities include an elevator, waiting area, conference room, and lounge, catering to both tenants and their clients. Enjoy stunning Fox River views and high visibility in Aurora's bustling downtown, an area experiencing significant redevelopment. The property's prime location offers easy access to numerous dining and coffee options. Surrounded by high-density residential neighborhoods, this location provides immediate access to a substantial customer base. Conveniently situated less than four miles south of Interstate 88, approximately six miles west of IL Route 59, and less than one mile from the Aurora METRA station, this property offers unparalleled accessibility. Aurora, the second-largest city in Illinois, provides a robust and growing market for businesses. This is a unique opportunity to establish your business in a vibrant and well-connected downtown location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,778,300
    Hospitality
    $4,376,898
    Educational
    $3,641,527
    Medical
    $3,766,765
    Retail
    $5,664,598
31 Downer Pl, Aurora, Illinois

Location Insight

City
Aurora
County
Kane
State
Illinois
Latitude
41.7578
Longitude
-88.3171
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,839
$6,677
$204,843
$211,520
-
$20,031
$614,529
$634,560

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