711 Commons Dr, Aurora, IL 60504
This exceptional Class A, two-story office building, totaling 53,818 square feet, presents a unique owner-user opportunity. Situated on a generous 6.94-acre lot within the Meridian Business Park in Aurora, Illinois, this property offers significant expansion potential. The building, constructed in 1998 and fully renovated in 2015, boasts a modern interior and is in excellent condition with no significant deferred maintenance. Recent capital improvements include a complete roof overlay (warranty to 2039), an automated HVAC system, and a bipolar ionization filtration system enhancing air quality. The property features ample parking (380 spaces, 7.15 per 1000 SF) and is conveniently located 0.5 miles from IL Route 59, 2.3 miles from the I-88 full interchange, and 1.3 miles from a Metra train station. Its strategic location, 35 miles southwest of Chicago, benefits from Aurora's dynamic employment landscape, encompassing manufacturing, healthcare, technology, and corporate sectors. The permitted zoning (PUD/M-1 Limited Manufacturing) allows for flexibility and future development. The asking price is $3,999,999. This is a rare opportunity to acquire a well-maintained, expandable office building in a thriving location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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