1329 North Lake St Aurora, IL 60506

The property is a fully leased investment opportunity located in Aurora, Illinois. The property is a four-story, approximately 29,686 square foot brick building. It accommodates up to 128 female residents in 40 individual dormitory style rooms, along with administrative offices, counseling areas, academic spaces, and volunteer areas. Educational programs include adult basic education, GED preparation, and college-level courses. The building is served by 22 surface parking spaces. The tenant, the State of Illinois Department of Corrections Fox Valley Adult Transition Center, provides support services for women reintegrating into society following incarceration. The Department of Corrections has continuously operated this facility since 1972, shifting its purpose to serve women in 2000. The tenant is currently under a gross lease, paying for utilities, janitorial services, snow removal, and other operational expenses. The current lease expires October 30, 2030, with a five-year extension option. The property is situated at the southeast corner of North Lake Street (21,100 average vehicles per day) and Sullivan Road (10,500 average vehicles per day), an intersection regulated by a stoplight. The offering includes vacant land adjacent to the corner, presenting an opportunity for future commercial development and income potential without affecting the existing structure and parking. The area is highly populated, with approximately 98,659 residents within a three-mile radius. Its location near educational institutions, a hospital, retail centers, dining establishments, and government offices ensures access to entry-level employment opportunities. It is located next to a Social Security Administration field office and across the street from Prime Healthcare Mercy Medical Center.