Brick Office
New
For Sale
$535,000
853 N Highland Avenue, Aurora, IL 60506
Commercial Sale, Aurora, IL
Property Size3,000 SF
Lot Size0.24 Acres
Price / SF$178.33
Days on Market4
Property Features for 853 N Highland Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
COMMR
Directions
INDIAN TRAIL TO HIGHLAND AVENUE SOUTH (SE CORNER HIGHLAND FLORIDA)
Subdivision
Aurora / Eola
Standard status
Active
APN
1516256001
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8027
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Building Details
Year built
1982
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Brick
Roof type
Membrane
Listing Agency:
Reach Your Dream Real Estate Group
(630) 634-7249
Listed By:
Daniel Galvan · License #471020325
(630) 379-0600
Added: Oct 7
Last Checked: Oct 10 at 9:06AM
MLS# 12779798
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick office building was constructed in 1982 and has tile flooring, central air, and a membrane roof. Natural gas is available, and the property is zoned COMMR. The site encompasses 0.24 acres.
Shops, restaurants, services, and major roadways are described as nearby. The property is at 853 N Highland Avenue in Aurora, Illinois.
Shops, restaurants, services, and major roadways are described as nearby. The property is at 853 N Highland Avenue in Aurora, Illinois.
Key Highlights
- 0.24‑acre site
- Brick construction with a membrane roof
- Central air and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,280
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,600
$885.6K
Cap Rate 7%
$632,571
$632.6K
Cap Rate 9%
$492,000
$492.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$72.0K $24.00/SF
− Vacancy
−$13.0K −$4.32/SF
EGI
$59.0K $19.68/SF
− OpEx
−$14.8K −$4.92/SF
NOI
$44.3K $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%
$885,600
Cap Rate 7%
$632,571
Cap Rate 9%
$492,000
Alternative Uses
Best Use
Office B
$632.6K
$553.5K – $738.0K
NOI $44,280 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 60506, IL
52,011
Population
18,204
Households
2.9
Avg Household Size
36
Median Age
29%
College-Educated
84%
High-School Grad
21.2 sq mi
ZIP Area
2,453
Density / Sq Mi
$76,105
Median Household Income
$38,341
Median Earnings
$1,305
Median Rent
$246,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Central air, tile flooring, and natural gas availability support a range of office configurations.
Where is this office units located?
The property is located at 853 N Highland Avenue Aurora, IL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 0.24‑acre site; Brick construction with a membrane roof; Central air and tile flooring
