3577 E New York St - Storefront FOR SALE


Aurora, IL 60504- Fox Valley
$2,100,000 USD
630-368-8609
3577 E New York St, Aurora, IL for Sale
$2,100,000 USD
Storefront - FOR SALE
1/9
null | 6.71% Cap Rate

3577 E New York St
Aurora, IL 60504
Fox Valley


HIGHLIGHTS

  • VALUE-ADD OPPORTUNITY: 90.9% occupied, offering the next investor an exceptional opportunity to drive NOI growth thru the lease up of the 2,059 SF
  • RECENT CAPITAL IMPROVEMENT: Ownership recently invested in a number of capital improvements, including maintenance of the roof.
  • UNMATCHED ACCESS & VISIBILITY: located at the SWC of the signalized intersection of E New York Street and N Frontenac Street.
  • STRONG PERFORMING RETAIL CORRIDOR: Located one mile from Fox Valley Mall
  • DUPAGE COUNTY REAL ESTATE TAXES
  • NAPERVILLE/AURORA SUBMARKET INVESTMENT OPPORTUNITY

OVERVIEW

CBRE’s National Retail Partners – Midwest is pleased to present, as the exclusive advisor, the opportunity to acquire New Horizon Plaza (“The Offering”). The Offering totals 22,538 square feet of Gross Leasable Area and is strategically positioned at the SWC of the signalized intersection of E New York Street and N Frontenac Street. New Horizon Plaza benefits from an excellent location in the affluent Chicago suburb of Aurora, serving a dense trade area with leading household income figures in the Chicagoland area. The property is 90.9% occupied, providing a tremendous opportunity for future investors to boost NOI through the lease-up of the two vacant units totaling 2,059 square feet.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Horizon Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

149,781 SF

ZONING

PD, Aurora

APN/PARCEL ID

07-20-404-006

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

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