1329 N Lake St, Aurora, IL 60506

The property, located at 1329 North Lake Street in Aurora, Illinois, is a fully leased investment opportunity. The four-story brick building has an area of approximately 29,686 square feet. The building is currently leased to the State of Illinois Department of Corrections Fox Valley Adult Transition Center, which provides support services for women reintegrating into society after incarceration. The Department of Corrections has continuously operated this facility since 1972, shifting its purpose to serve women in 2000. The property can accommodate up to 128 female residents in 40 dormitory-style rooms. It also includes administrative offices, counseling areas, academic spaces, and areas for volunteer efforts. Educational programs offered include adult basic education, GED preparation, and college-level courses. The building has 22 surface parking spaces. The property is located on the southeast corner of North Lake Street (21,100 avg. vehicles per day) and Sullivan Road (10,500 avg. vehicles per day), at a stoplight-regulated intersection. The offering includes adjacent vacant land, presenting an opportunity for future commercial development and income potential without affecting the current structure and parking. The surrounding area is highly populated, with approximately 98,659 residents within a three-mile radius. The location offers proximity to educational institutions, a hospital, retail centers, dining establishments, and government offices, ensuring entry-level employment prospects. It is next to a Social Security Administration field office and across the street from Prime Healthcare Mercy Medical Center. Mercy Medical Center recently renewed their long-term lease, demonstrating their commitment to the area.