West Aurora Office
1961 West Downer Place Aurora, IL 60505
For Sale
Contact for pricing
Office building for sale on Aurora’s west side near Orchard Rd and Galena Blvd.
Property Size5,200 SF
Price / SF$160.58
Days on Market65
Property Features for 1961 West Downer Place
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Office
Building Details
- Year Built
- 1998
Listing Agency:
Dolan and Murphy
(630) 801-8800
Listed By:
Daniel J. Dolan · License #IL 475120834
Source:
Crexi
Added: May 20
Changed: Jul 22
Last Checked: Jul 22 at 6:18PM
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 and Murphy
Investment Insights
Based on property information with market context.
This office building is offered for sale and is located on Aurora’s west side. The property is positioned near the intersection of Orchard Rd and Galena Blvd, providing convenient access to major east-west and north-south routes.
The site is approximately 2 miles south of the Orchard Road and I-88 interchange. The property is listed for $835,000.
The site is approximately 2 miles south of the Orchard Road and I-88 interchange. The property is listed for $835,000.
Key Highlights
- Office building built in 1998
- Located on Aurora’s west side near Orchard Rd and Galena Blvd
- About 2 miles south of the Orchard Rd and I‑88 interchange
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.8k | $24.00 |
| − Vacancy | −$22.5k | −$4.32 |
| EGI | $102.3k | $19.68 |
| − OpEx | −$25.6k | −$4.92 |
| NOI | $76.8k | $14.76 |
5,200 SF · lease $24.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$959.4K – $1.28M
NOI $76,752 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,208 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alschuler Simantz Hem ...
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Chiesa Abigail M
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James III James ...
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Reed Daniel A
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Gretta E. Bieber
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FAQs
What type of property is this?
Office building - Office building for sale on Aurora’s west side near Orchard Rd and Galena Blvd.
Where is this office building located?
The property is located at 1961 West Downer Place Aurora, IL.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Office building built in 1998; Located on Aurora’s west side near Orchard Rd and Galena Blvd; About 2 miles south of the Orchard Rd and I‑88 interchange
