Potential Multifamily Redevelopment Opportunity
911 N Lake St | Aurora, IL 60506
$3,000,000
Sale Price
Property Details
| Sale Price: | $3,000,000 |
| Property Type: | Industrial |
| Building Size: | 100,115 SF |
Property Description
100,115 SF Industrial property for sale/lease in Aurora.
Location Description
Located a mile south of I-88 and Route 31 interchange and approximately 2 miles north of Downtown Aurora.
Highlights
- Large warehouse with deferred maintenance
- Property has potential for multifamily redevelopment overlooking the Fox River
- Strong rental market with high occupancy rates
- Near public transportation and retail hubs, making it an attractive location for renters
- 3 Exterior docks
- 12'-20' Ceiling height
Map
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| 1 Miles | 3 Miles | 5 Miles | |
|---|---|---|---|
| Total households | 4,518 | 37,324 | 77,732 |
| Total population | 14,166 | 112,367 | 224,566 |
| Population white | 25.2% | 34.5% | 44.2% |
| Population black | 9.4% | 8.9% | 9.7% |
| Population hispanic | 70.2% | 60.9% | 41.6% |
| Population asian | 2.7% | 3.8% | 8.6% |
| Population pacific islander | 0.0% | 0.1% | 0.1% |
| Population american indian | 3.1% | 2.5% | 1.6% |
| Population other | 37.0% | 31.0% | 20.4% |
| Persons per household | 3.1 | 3 | 2.9 |
| Average household income | $81,344 | $96,129 | $117,194 |
| Average house value | $199,006 | $235,782 | $289,655 |
| Average age | 36 | 37 | 37 |
| Average age male | 35 | 36 | 37 |
| Average age female | 36 | 38 | 38 |
Demographics data derived from AlphaMap