Office Building with Roadside
1055 N Farnsworth Ave, Aurora, IL 60505
For Sale
Contact for pricing
The property includes dedicated on-site parking and a large sign positioned near the road.
Property Size2,990 SF
Price / SF$177.26
Days on Market8
Property Features for 1055 N Farnsworth Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Listing Agency:
Dolan & Murphy Inc
(630) 801-8800
Listed By:
Dan J Dolan
(630) 885-5785
Source:
Moodyscre
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 8 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dolan & Murphy Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building contains 2,990 square feet and is described as well-maintained. A large roadside sign provides a visible identification point for the property.
The site has 18 on-site parking spaces.
The site has 18 on-site parking spaces.
Key Highlights
- 2,990‑square‑foot office building
- 18 on‑site parking spaces
- Large sign positioned near the road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,132
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,640
$882.6K
Cap Rate 7%
$630,457
$630.5K
Cap Rate 9%
$490,356
$490.4K
Market Conditions
NOI Build-Up for 2,990 SF
Gross rent
$71.8K $24.00/SF
− Vacancy
−$12.9K −$4.32/SF
EGI
$58.8K $19.68/SF
− OpEx
−$14.7K −$4.92/SF
NOI
$44.1K $14.76/SF
Area
Aurora, IL
Vacancy
18.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,640
Cap Rate 7%
$630,457
Cap Rate 9%
$490,356
Alternative Uses
Best Use
Office B
$630.5K
$551.7K – $735.5K
NOI $44,132 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$856.0K
$749.0K – $998.7K
NOI $59,920 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 60505, IL
57,906
Population
18,681
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
64%
High-School Grad
10.1 sq mi
ZIP Area
5,733
Density / Sq Mi
$70,306
Median Household Income
$33,912
Median Earnings
$1,230
Median Rent
$192,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Aurora
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The property includes dedicated on-site parking and a large sign positioned near the road.
Where is this office building located?
The property is located at 1055 N Farnsworth Ave Aurora, IL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2,990‑square‑foot office building; 18 on‑site parking spaces; Large sign positioned near the road
