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100-102 N Ohio St 3,353 SF 81% Leased Retail Building Aurora, IL 60505 $549,000 ($163.73/SF) 8.38% Cap Rate
Investment Highlights
- Newly Renovated to Code
- Central Location
Executive Summary
The residential component includes a three-bedroom unit leased at $1,850 per month and a one-bedroom unit leased at $1,525 per month, generating annual gross residential income of $40,500. Both units are occupied, providing immediate and consistent cash flow.
The ground-floor commercial space is currently vacant and offers additional income potential. The space is lease-ready and requires only minor ADA accessibility. Based on current market conditions, the commercial unit is projected to achieve rental rates of approximately $1,000 to $1,200 per month.
Annual operating expenses are approximately $3,400 for real estate taxes and $4,000 for insurance. Based on existing residential income, the property generates an estimated net operating income of approximately $33,100 annually. Upon leasing the commercial space, projected net operating income increases to approximately $45,000 to $47,500 per year.
In addition to its income-producing characteristics, the property offers long-term value through its strategic location along the E. New York Street corridor. The site benefits from strong visibility, proximity to commercial services, and potential assemblage opportunities with neighboring parcels, making it attractive to both investors and future redevelopment interests.
This offering is well-suited for investors seeking immediate cash flow with upside through commercial lease-up and future appreciation potential.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
675 SF Commercial Space for Lease Private / Non-Public Use Only (Aurora, IL) Well-located 675 square foot commercial unit available in Aurora, ideal for businesses seeking a private, non-public-facing operational space. This flexible unit is best suited for administrative, storage, or light business operations where no customer walk-ins or public access are permitted or required. Property Features: Approximately 675 sq ft of flexible open space Private entry access Suitable for office build-out or storage use Convenient access to major roadways and nearby business corridors Efficient layout for small-business operations Permitted Uses: Ideal for: Back-office / administrative operations Remote or digital businesses (no in-person client meetings) E-commerce / online retail fulfillment (shipping only) Storage or light operational use Professional services conducted off-site with clients Use Restrictions (Strict): No retail or storefront use No walk-in customers, clients, or public access permitted No on-site sales or customer transactions No exterior signage indicating public business operations Ideal Tenant: Businesses seeking a quiet, private operational space without public foot traffic.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 650 SF | Office | - | Now |
1st Floor
| Size |
| 650 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 650 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
675 SF Commercial Space for Lease Private / Non-Public Use Only (Aurora, IL) Well-located 675 square foot commercial unit available in Aurora, ideal for businesses seeking a private, non-public-facing operational space. This flexible unit is best suited for administrative, storage, or light business operations where no customer walk-ins or public access are permitted or required. Property Features: Approximately 675 sq ft of flexible open space Private entry access Suitable for office build-out or storage use Convenient access to major roadways and nearby business corridors Efficient layout for small-business operations Permitted Uses: Ideal for: Back-office / administrative operations Remote or digital businesses (no in-person client meetings) E-commerce / online retail fulfillment (shipping only) Storage or light operational use Professional services conducted off-site with clients Use Restrictions (Strict): No retail or storefront use No walk-in customers, clients, or public access permitted No on-site sales or customer transactions No exterior signage indicating public business operations Ideal Tenant: Businesses seeking a quiet, private operational space without public foot traffic.
Property Taxes
| Parcel Number | 15-23-381-020 | Total Assessment | $32,512 (2024) |
| Land Assessment | $7,978 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $24,534 (2024) | Tax Year | 2026 |
Property Taxes
Contact the Sale Advisor
100-102 N Ohio St