550 Galena Blvd Aurora, IL 60506
- Mixed-use properties
- 3,019 SF
Current Use by Public Records
- Thomas E Smith CPA / Tax Preparation Service
Property Details for 550 Galena Blvd
- Year built
- 1900
- Property size
- 3,019 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Aurora, Illinois, presents a unique investment opportunity. The 3,019 square foot building, available for the first time in 25 years, sits on a 14,256 square foot lot (72 x 198 feet) and offers a blend of commercial and residential space. The first floor encompasses 1,538 square feet of commercial space, featuring a reception area, three private offices, a large hall, two storage areas, a restroom, and a kitchenette. Modern finishes include vinyl plank flooring, dropped ceilings, and fluorescent lighting. A 1,509 square foot basement provides ample storage or potential for expansion. Conveniently located off Galena Road, the property boasts a recently repaved and striped parking lot with 15 spaces, including one handicap-accessible spot. Upstairs, a nearly 1,500 square foot, two-bedroom apartment with a spacious living room, kitchen with dinette and large pantry, and a full bath offers significant rental income potential following rehabilitation. The building features maintenance-free aluminum siding and includes an illuminated business sign. Its prime location, two miles west of downtown Aurora, offers proximity to new restaurants, stores, Aurora University, Orchard Road shopping, and easy access to I-88. The property is being sold "as is," presenting a fantastic opportunity for investors or business owners seeking to capitalize on a desirable location and create substantial value.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Kane
- State
- Illinois
- Longitude
- -88.32867
- Latitude
- 41.76108
