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197 Alder Dr 20,146 SF Industrial Building North Aurora, IL 60542 $2,390,000 ($118.63/SF) 5.60% Cap Rate
Executive Summary
This premier 20,146 SF warehouse is ideally situated in a prime location with direct and easy access to major highways. Just 8 miles from North Aurora Airport, the property offers an expansive 2.68-acre lot with significant potential for expansion or development. The roof was fully replaced in 2017, and the building has benefited from multiple recent capital expenditure (CapEx) upgrades, resulting in low ongoing maintenance. Additional key features include climate-controlled rooms and robust 800-amp electrical service.
Property Facts
| Price | $2,390,000 | Rentable Building Area | 20,146 SF |
| Price Per SF | $118.63 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1994 |
| Cap Rate | 5.60% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 2.68 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-2 | ||
| Price | $2,390,000 |
| Price Per SF | $118.63 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.68 AC |
| Rentable Building Area | 20,146 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Tenancy | Single |
| Parking Ratio | 0.65/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-2 |
Utilities
- Heating - Gas
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-05-477-001 | Improvements Assessment | $368,175 |
| Land Assessment | $161,973 | Total Assessment | $530,148 |
Property Taxes
Parcel Number
15-05-477-001
Land Assessment
$161,973
Improvements Assessment
$368,175
Total Assessment
$530,148
Contacts
-
Jeremy Slowinski -
Andy Page -
Xever Lemieux -
Tariq Suboh -
Ellsbury Commercial Group
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197 Alder Dr
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