North Aurora, IL 60542,451 Randall Road
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North Aurora, IL 60542,451 Randall Road
North Aurora, IL 60542,451 Randall Road
North Aurora, IL 60542,451 Randall Road
North Aurora, IL 60542,451 Randall Road

$1,600,000

Est. payment /mo

$1,939,000

17.5%
Est.Price: ?

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451 Randall Road North Aurora, IL 60542

10,650 SqFt

SOLD DATE : 10/16/2019

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

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Listed by Snezhina Dobreva • Dobreva Commercial Inc
Bought with Tim Binning • RE/MAX All Pro

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

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