This exceptional 2,561 square foot single-tenant office space is ideally situated at the Fox Valley Mall ring road, boasting a prominent location on busy New York Street. The property offers ample on-site parking, ensuring convenient access for clients and employees. The building itself is classified as Class B and features approximately 9-foot ceilings, providing a comfortable and functional workspace. The entire space is currently vacant, presenting a unique opportunity for immediate occupancy. The lot size encompasses 1.25 acres, providing significant potential for future expansion or outdoor amenities. The property is zoned for Business Commercial use, aligning perfectly with a wide range of business ventures. Its strategic location within the Mall submarket, specifically in a retail center cluster, ensures high visibility and foot traffic. The property's proximity to the Fox Valley Mall, currently undergoing redevelopment to include 500+ new apartments, promises increased future traffic and a thriving surrounding community. Annual property taxes are calculated at $7.55 per square foot. Utilities include electric service. Cross streets include Station Boulevard and New York Street, easily accessible from Fox Valley Mall Circle.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$671,262
6.5%
$619,627
7%
$575,368
Comparable approach
Method
Valuation
Relative Method
$647,015
Geo Method
$830,094
Alternative Use
Use
Valuation
Residential
$522,678
Hospitality
$478,770
Educational
$398,331
Medical
$412,031
Retail
$619,627
Location Insight
City
Aurora
County
Dupage
State
Illinois
Latitude
41.7608
Longitude
-88.2159
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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