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Office Units with Conference Space
For Lease
$13 SF/Yr Modified Gross

248 S Highland Avenue, Aurora, IL 60507

Flexible office layout offers reception, multiple offices, and dedicated meeting areas under modified gross terms.

Space SizeContact for details
Days on Market1354

Property Features for 248 S Highland Avenue

General Information

Standard status Active
Zoning MANUF
Lease Type Modified Gross

Space & Availability

Divisible Yes
Space Use Office
Private Offices 3

Building Details

Year Built 1931
Stories 1
Units 1
Listing Agency: Royce Group Real Estate Co.
Listed By: Michael Loiacono · License #471005414
Source: Cavanaghrealty
Added: Dec 7, 2022 Changed: Aug 15 Last Checked: Aug 22 at 1:07PM

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 Royce Group Real Estate Co.

Investment Insights

Based on property information with market context.

Office units totaling 1100 square feet are available for lease at 248 S Highland Avenue in Aurora, Illinois. The layout includes a front reception area, three large private offices, and conference space, allowing the premises to accommodate individual office users or a combined occupancy.

The property carries MANUF zoning and was built in 1931. Modified gross lease terms apply, and the office areas are offered for lease only.

Key Highlights

  • 1100‑square‑foot office property
  • Front desk and reception area
  • Three large offices

Property Analytics

Current Use

ABC Roofing Company Roofing Company

Suggested Use

Top Pick Real Estate Agency Restaurant Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

864
Businesses Nearby

Market

Lease Benchmarks for Aurora, IL

$16.56 /SF/Yr
Avg Asking Price
$8.57–$23 /SF/Yr
Price Range
5,870 SF
Avg Space Size

This space is priced 21% below the average of $16.56 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office layout offers reception, multiple offices, and dedicated meeting areas under modified gross terms.
Where is this office units located?
The property is located at 248 S Highland Avenue Aurora, IL.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 1100‑square‑foot office property; Front desk and reception area; Three large offices
More about this property
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