Second-Floor Office
For Sale
Contact for pricing
78-84 S Broadway, Aurora, IL 60505
Downtown Aurora second-floor office space offers a central setup for professional teams.
Property Size3,750 SF
Price / SF$0.77
Days on Market145
Property Features for 78-84 S Broadway
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Office
Lease Term
MG
Site & Location
Neighborhood
We are United
Building Details
Building Size
3,750 SF
Year Built
1924
Properties For Sale
at 78-84 S Broadway
2nd floor
Size
1,786 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Caton Commercial
Listed By:
Autumn Psaros · License #475171356
(574) 707-5434
Source:
Catoncommercial
Added: Jun 2
Changed: Oct 23
Last Checked: Oct 24 at 3:42PM
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 Caton Commercial
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Investment Insights
Based on property information with market context.
This second-floor office space is configured for professional use, offering a dedicated suite within a downtown Aurora setting. As a leased office layout, it is designed to support everyday business operations in a practical, functional work environment.
Located in the heart of downtown Aurora, the suite benefits from an accessible, urban commercial context. The address at S Broadway places the property in a central area where tenants often value proximity to local business activity and established streetscape access.
Ideal for office-based users seeking a straightforward downtown location, the second-floor plan can suit a range of professional services that need separate space without the requirements of a larger building format. Tenants and buyers will find this offering well-suited to teams looking for an office presence in a central Aurora market.
Located in the heart of downtown Aurora, the suite benefits from an accessible, urban commercial context. The address at S Broadway places the property in a central area where tenants often value proximity to local business activity and established streetscape access.
Ideal for office-based users seeking a straightforward downtown location, the second-floor plan can suit a range of professional services that need separate space without the requirements of a larger building format. Tenants and buyers will find this offering well-suited to teams looking for an office presence in a central Aurora market.
Key Highlights
- Second‑floor office space for lease in downtown Aurora
- Building was constructed in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,645
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,900
$712.9K
Cap Rate 7%
$509,214
$509.2K
Cap Rate 9%
$396,056
$396.1K
Market Conditions
NOI Build-Up for 2,415 SF
Gross rent
$58.0K $24.00/SF
− Vacancy
−$10.4K −$4.32/SF
EGI
$47.5K $19.68/SF
− OpEx
−$11.9K −$4.92/SF
NOI
$35.6K $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%
$712,900
Cap Rate 7%
$509,214
Cap Rate 9%
$396,056
Alternative Uses
Best Use
Office B
$509.2K
$445.6K – $594.1K
NOI $35,645 @ 7.0% cap · market cap 1,926.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$691.4K
$605.0K – $806.6K
NOI $48,397 @ 7.0% cap · market cap 2,616.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Downtown Aurora second-floor office space offers a central setup for professional teams.
Where is this office unit located?
The property is located at 78-84 S Broadway Aurora, IL.
What are key features of this property?
This property features: Second‑floor office space for lease in downtown Aurora; Building was constructed in 1924
