$1,600,000
$1,939,000
17.5%For more information regarding the value of a property, please contact us for a free consultation.
451 Randall Road North Aurora, IL 60542
10,650 SqFt
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 10,650 sqft
Price per Sqft $150
MLS Listing ID 10346758
Sold Date 10/16/19
Year Built 2006
Annual Tax Amount $33,174
Tax Year 2017
Lot Dimensions 354X232X169X35X123X250
Property Description
Excellent investment opportunity - fully leased (NNN), 10,650 square foot retail center built in 2006. The property is located on highly trafficked Randall Road (30,900 VPD) just North of I-88 (71,000 VPD) in well-established Village of North Aurora in the western suburbs of Chicago. The building is 100% leased to a strong mix of high-quality tenants such as Bulldog Ale House, Lover's Lane, No Escape, and Comfort Dental. The property offers strong cash flow (Gross Income: $245,198), long term NNN leases, and a high rate of return (over 8% CAP rate with annual rent escalations). The building is situated on a 91,237 SF site and has parking for 81 vehicles. Each unit is separately metered and has its own HVAC system. High visibility & easy access. This a unique opportunity to acquire a stabilized newer construction retail center with strong cash, high-quality tenant mix and high rate of return.
Location
State IL
County Kane
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick,Concrete,Steel Siding
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Tim Binning • RE/MAX All Pro