Office
For Sale
$535,000
853 N Highland Avenue, Aurora, IL 60506
The layout can accommodate general office, medical office, or salon use.
Property Size3,000 SF
Price / SF$178.33
Days on Market8
Property Features for 853 N Highland Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,027
Amenities
Central air
Central Air Cooling
Membrane Roof
Building Details
Year Built
1982
Buildings
1
Building Size
3,000 SF
Listing Agency:
REACH YOUR DREAM REAL ESTATE GROUP
(630) 634-7249
Listed By:
DANIEL GALVAN · License #471020325
(773) 449-1067
Source:
Corcoran
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 8:01PM
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 REACH YOUR DREAM REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This 3,000-square-foot office building at 853 N Highland Avenue was built in 1982. Its layout is described as suitable for general office, medical office, or salon use.
Shops, restaurants, services, and major roadways are identified in the surrounding area.
Shops, restaurants, services, and major roadways are identified in the surrounding area.
Key Highlights
- 3,000 SF office building
- Built in 1982
- 853 N Highland Avenue, Aurora, IL 60506
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.
How Realmo checks its estimates
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
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Frequently Asked Questions
What type of property is this?
Office building - The layout can accommodate general office, medical office, or salon use.
Where is this office building 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: 3,000 SF office building; Built in 1982; 853 N Highland Avenue, Aurora, IL 60506
