$30 PER SQUARE FOOT ! Anchored by Mcdonalds | 2131 W Galena Blvd
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$30 PER SQUARE FOOT ! Anchored by Mcdonalds 2131 W Galena Blvd
120,500 SF Vacant Retail Building Aurora, IL 60506 £2,923,037 (£24/SF)
Investment Highlights
- Location, Location, Location!
Executive Summary
Anchored by Mcdonald's.
This well-positioned property presents a prime value-add opportunity for an investor. The new owner has already obtained several letters of intent to lease space. The area is very dense, and the average household income in this area is over $91,000.
The building can also be used for storage, light industrial and manufacturing, however the City wants at least some retail. The Property is in good condition.
The property is located on the highly trafficked corner of Galena Blvd with excellent visibility to 26000 vehicles passing by each day. Tenants have premium signage opportunities on the Road. This building is easily accessible being the Former Walmart Blvd and provides a huge parking lot (4 acres!) There is huge upside potential for this property through leasing out the property in smaller sections and subdividing in different units.
The City of Aurora is very business friendly and wants to consider different usages and is willing to consider various mix of uses to develop the building as this is the most iconic landmark of the city. And the west side of Aurora really needs retail!
The building is positioned along a highly trafficked retail thoroughfare with densely populated residential neighborhoods bordering north and south of the property. Notable nearby national retailers are Home Depot, McDonald's, KFC, Walgreens, Dollar Tree, UPS, Walgreens, Big Lots, Ace Hardware’s, CVS and more, maintain a presence nearby. Additionally, a plethora of local restaurants and shops line Galena Blvd, and Aurora University is less than two miles from the site. These many demand drivers service the large population of 55,895 people within just a two-mile radius of the property. Adjacent out parcel next to Mcdonald's may also be sold separately.
This well-positioned property presents a prime value-add opportunity for an investor. The new owner has already obtained several letters of intent to lease space. The area is very dense, and the average household income in this area is over $91,000.
The building can also be used for storage, light industrial and manufacturing, however the City wants at least some retail. The Property is in good condition.
The property is located on the highly trafficked corner of Galena Blvd with excellent visibility to 26000 vehicles passing by each day. Tenants have premium signage opportunities on the Road. This building is easily accessible being the Former Walmart Blvd and provides a huge parking lot (4 acres!) There is huge upside potential for this property through leasing out the property in smaller sections and subdividing in different units.
The City of Aurora is very business friendly and wants to consider different usages and is willing to consider various mix of uses to develop the building as this is the most iconic landmark of the city. And the west side of Aurora really needs retail!
The building is positioned along a highly trafficked retail thoroughfare with densely populated residential neighborhoods bordering north and south of the property. Notable nearby national retailers are Home Depot, McDonald's, KFC, Walgreens, Dollar Tree, UPS, Walgreens, Big Lots, Ace Hardware’s, CVS and more, maintain a presence nearby. Additionally, a plethora of local restaurants and shops line Galena Blvd, and Aurora University is less than two miles from the site. These many demand drivers service the large population of 55,895 people within just a two-mile radius of the property. Adjacent out parcel next to Mcdonald's may also be sold separately.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
120,500 SF
Building Class
C
Year Built
1992
Price
£2,923,037
Price Per SF
£24
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.22
Land Acres
12.82 AC
Zoning
B-2 - Neighborhood Business-Arterial District
Parking
894 Spaces (7.42 Spaces per 1,000 SF Leased)
Frontage
880 ft on W Galena Blvd
Amenities
- Signalised Intersection
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Jewel/Albertsons Grocery
- Retailer
- 99,999 SF
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Jewel/Albertsons Grocery | Retailer | 99,999 SF | - | - |
PROPERTY TAXES
Parcel Number | 15-19-201-025 | Improvements Assessment | £212,813 |
Land Assessment | £417,270 | Total Assessment | £630,083 |
PROPERTY TAXES
Parcel Number
15-19-201-025
Land Assessment
£417,270
Improvements Assessment
£212,813
Total Assessment
£630,083
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$30 PER SQUARE FOOT ! Anchored by Mcdonalds | 2131 W Galena Blvd
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