1300 Highland Ave Aurora, IL 60506
- Commercial real estate
- 22,358 SF
- 3.50 lot acres
Current Use by Public Records
- Highland Medical center / Medical Center
- Presence Medical Group / Midwife
- Dr. Robert J. Foody, MD / Ophthalmologist
- Aurora Pain Clinic / Pain Management Physician
- Aurora Eye Clinic / Ophthalmologist / Ophthalmology Clinic
Property Details for 1300 Highland Ave
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.50 lot acres
- Property size
- 22,358 SF
- Property type
- Commercial real estate
- APN
- 15-09-400-021
- APU
- 1509400021
Description
This single-story, 23,470 square foot Class B medical office building, constructed in 1979, offers multiple tenancy opportunities in Aurora, Illinois. Located at 1300 N Highland Ave, 60506, the property enjoys a highly desirable location adjacent to Ascension Mercy Medical Center, providing excellent visibility and accessibility. The building features a mix of medical office suites, each well-equipped with existing in-suite sinks and restrooms, reflecting a thoughtful design for healthcare practices. The layout of the suites is conducive to general medical and healthcare operations. Convenient access to I-88 via Route 31 ensures easy commuting for both patients and staff. Furthermore, the property offers prominent monument signage opportunities along Highland Avenue, enhancing visibility and brand recognition for tenants. This presents a unique opportunity for medical professionals seeking a well-established and conveniently located space to establish or expand their practice. The building's existing infrastructure and prime location make it an attractive option for various healthcare providers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,875,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,715,000
- 6.5%
- $1,775,000
- 7%
- $1,610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,720,000
- Geo Method
- $1,870,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,935,000
- Retail
- $2,115,000
- Mixed-Use
- $2,115,000
- Hospitality
- $1,580,000
- Educational
- $1,975,000
- Residential Income
- $1,760,000
- Energy
- $1,985,000
- Income-Based Land
- $1,600,000
- Food Service
- $1,880,000
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Kane
- State
- Illinois
- Longitude
- -88.3296
- Latitude
- 41.7858
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
