Retail/Automotive Service Business and Property in Aurora, IL

827 Rathbone Avenue Aurora 60506

827 Rathbone Avenue, Aurora, 60506
827 Rathbone Avenue, Aurora, 60506
FOR SALE Auction Property
Property Type:
Free Standing Building
Amount:
$595,000
Last Verified:
Jun 15, 2021

New Minimum Bid/Published Reserve Price: $595,000.00 (Reduced from $650,000.00) Buyer’s Premium: 5% ($40,000 minimum applies) Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added) Built: Approx. 1970 Lot Size: Approx. 0.174 Building Size: Approx. 2,400 SF 2019 Taxes: $2,440.05 PIN#: 15-28-151-018 Zoning: M-1; Manufacturing district, limited This approximately 2,400 sf building is occupied by Marty’s Automotive. The business and real estate are for sale/auction. It features 2 service drive in doors 12’ x 14’, 16’ ceiling height, a sales counter, an office, a machine & parts room, and a restroom. Parking exists in front for clients, and there is an additional outdoor storage area. This building is ideal for many automotive uses and could be redeveloped for a variety of other retail uses as well. Business, real estate, alignment machine/lift and Marty’s toolbox are included in the sale. AUCTION DETAILS • Online Auction Bidding Starts at 11 AM CST Wednesday, September 29, 2021 and ends Friday, October 1, 2021, 11 AM CST • New Minimum Bid/Published Reserve Price: $595,000.00 (Reduced from $650,000.00) • Buyer's Premium: 5% ($40,000 minimum applies) • Cooperating Broker's Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added) • Pre-Auction Bids Highly Encouraged!

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.