100-102 N Ohio St - Storefront Retail/Residential FOR SALE


Aurora, IL 60505- South Farnsworth
$549,000 USD
708-397-6496
100-102 N Ohio St, Aurora, IL for Sale
$549,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | 8.38% Cap Rate

100-102 N Ohio St
Aurora, IL 60505
South Farnsworth


HIGHLIGHTS

  • Newly Renovated to Code
  • Central Location

OVERVIEW

Mixed-use investment opportunity offering strong in-place residential income with additional upside potential. The property consists of two residential units and one ground-floor commercial space. Both residential units are currently leased, providing stable cash flow. Current rents include a 3-bedroom unit at $1,850/month and a 1-bedroom unit at $1,525/month, generating total residential income of $40,500 annually. The commercial unit is currently vacant and presents an opportunity for additional income. The commercial space is lease-ready with a minor ADA accessibility improvement estimated between $10,000–$15,000. Based on market conditions, projected rent for the commercial unit is approximately $1,000–$1,200 per month. Annual expenses are approximately $3,400 for property taxes and $4,000 for insurance. Net operating income based on current residential income is approximately $33,100 per year, with potential to increase to approximately $45,000–$47,500 annually once the commercial space is leased. Ideal for investors seeking a mixed-use property with existing income and value-add potential through lease-up of the commercial unit.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

8.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,030 SF

ZONING

B-2

APN/PARCEL ID

15-23-381-020

ASK ABOUT THIS PROPERTY

Verena NunezNuvian LLCMore Info
708-397-6496

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Verena NunezNuvian LLCMore Info
708-397-6496

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.