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 Market174
Property Features for 1961 West Downer Place
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Tenancy
Listing Agency:
Dolan and Murphy
Listed By:
Daniel J. Dolan · License #IL 475120834
Source:
Crexi
Added: May 20
Changed: Nov 6
Last Checked: Nov 8 at 9:26AM
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
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 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
Estimated NOI and Cap Rate
NOI / Yr
$76,752
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,040
$1.5M
Cap Rate 7%
$1,096,457
$1.1M
Cap Rate 9%
$852,800
$852.8K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$124.8K $24.00/SF
− Vacancy
−$22.5K −$4.32/SF
EGI
$102.3K $19.68/SF
− OpEx
−$25.6K −$4.92/SF
NOI
$76.8K $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%
$1,535,040
Cap Rate 7%
$1,096,457
Cap Rate 9%
$852,800
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
692
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
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 - 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
