North Aurora, IL 60542,451 Randall RD
North Aurora, IL 60542,451 Randall RD
North Aurora, IL 60542,451 Randall RD
North Aurora, IL 60542,451 Randall RD
North Aurora, IL 60542,451 Randall RD
North Aurora, IL 60542,451 Randall RD
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$1,600,000

$1,939,000

17.5%
Est.Price: ?

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Est. payment /mo

10,650 SqFt


SOLD DATE : 10/16/2019

Key Details

Sold Price $1,600,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 10,650 sqft

Price per Sqft $150

MLS Listing ID 10346758

Sold Date 10/16/19

Year Built 2006

Annual Tax Amount $33,174

Tax Year 2017

Lot Dimensions 354X232X169X35X123X250

Property Sub-Type Retail/Stores

Property Description

Excellent investment opportunity - fully leased (NNN), 10,650 square foot retail center built in 2006. The property is located on highly trafficked Randall Road (30,900 VPD) just North of I-88 (71,000 VPD) in well-established Village of North Aurora in the western suburbs of Chicago. The building is 100% leased to a strong mix of high-quality tenants such as Bulldog Ale House, Lover's Lane, No Escape, and Comfort Dental. The property offers strong cash flow (Gross Income: $245,198), long term NNN leases, and a high rate of return (over 8% CAP rate with annual rent escalations). The building is situated on a 91,237 SF site and has parking for 81 vehicles. Each unit is separately metered and has its own HVAC system. High visibility & easy access. This a unique opportunity to acquire a stabilized newer construction retail center with strong cash, high-quality tenant mix and high rate of return.

Location

State IL

County Kane

Area North Aurora

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Level or Stories 1

Structure Type Brick,Concrete,Steel Siding

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Midwest Real Estate Data (MRED) IDX
Listed by Snezhina Dobreva • Dobreva Commercial Inc
Bought with Tim Binning • RE/MAX All Pro
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1941 N Elston Ave, Chicago, IL, 60642, USA

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