Discover a vibrant commercial opportunity nestled in the heart of Aurora at this historic property boasting exceptional potential. Available for sale, this venue presents a sweeping 7,100 square feet of versatile space across 2 buildings built in 1919, blending the charm of yesteryear with modern functionality.This splendid property welcomes you with four beautifully furnished apartments that cater perfectly to short-term rental ventures like Air BnB or long-term residential leasing. Each apartment is thoughtfully designed to ensure comfort and style. The space is also an ideal fit for developing an event center that could host a variety of gatherings, from elegant weddings to professional seminars.Noteworthy features include a recently installed roof, ensuring practical upkeep. The expansive interiors comprise inviting studio apartments, each equipped with large walking showers, enhancing the experience with a touch of luxury provided by sumptuous Jacuzzis.The strategic location further elevates the property's appeal. Situated within Aurora's vibrant downtown area, future patrons or residents can explore local treasures like The Garden Exchange Downtown and enjoy leisurely afternoons at Oak Park. This property is not only a treasure trove of historic aesthetics but also a beacon of potential for generating multiple income streams. Whether your vision includes revitalizing it as a swank hotspot for special occasions, housing bustling rental income properties, or a cozy yet chic series of Air BnB spots - the possibilities are merely as limited as your imagination, certainly something to muse about(!)The rich features, coupled with its prime location, make this an unmatched opportunity in Aurora - a canvas awaiting your entrepreneurial brushstrokes. We invite you to realize its potential and sculpt a prosperous future within its historic walls.
Associated Fees
Taxes
Real Estate Tax
$3,435.00
Tax Year
2023
Tax I.D.
191012004008009003
Tax Provided By
Assessor Records
Building Information
Property Info
Class Type
Hospitality
County
Lawrence
Subdivision
Lawrence-Not in List
Sign On Property
Yes
Waterfront View
None
Lake River
None
Building Info
Year Built
1919
business Type
Apartments, Other-See Remarks
Garage/Parking
Parking Type
On Street, 1-5 Spaces
Construction & Utilities
Lot Info
Lot Dimensions
58X90
Acres
0.12
Additional Information
Special Info
Back on Market
No
Foreclosure
No
Status
Active
Inside City Limits
Yes
Misc Info
Listing Date
2024-08-16 11:55:30
Listing Change
2024-11-06 14:37:07
Photo Count
24
Photo Date
2024-08-29 16:39:19
Lat
36.974617
Lon
-93.720824
Unit Info
Units
4
Restrictions
Allow Mobiles
Madison
Financial Details
Financial
Asking Price
$399,900
Transaction Type
Sale
Sale / Lease Info
Price Date
2024-11-06 14:37:07
Rooms Information
Property Info
Sqft
7,100
List Price Per Sqft
$56
Retail Space Sqft
0
Office Space Sqft
0
Bathrooms
Total Baths
6
Directions
From the intersection of Church and Elliott go north on Elliott to Olive. Turn left on Olive and go to Madison. Turn left on Madison one block to the property on the left.
The MLS Data on this Real Estate Website was last updated on 11-12-2024 10:55 PM EST . Any MLS images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website. This real estate website and IDX data is hosted by Dynamic IDX, LLC
Bookmark now. This website updates with the Multiple Listing Service (MLS) every 15 minutes. Don't miss a thing!
Let them come to you. Get new listings alerts by email.