53,818 SF Two-Story, Single Tenant Office Building with Room for Expansion

711 N Commons Drive Aurora, IL 60504

711 N Commons Drive, Aurora, IL, 60504
711 N Commons Drive, Aurora, IL, 60504
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$3,999,999
Last Verified:
Oct 28, 2024

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Highlights

  • 53,818 SF Two-Story, Single Tenant Office Building
  • Professionally Managed, Well-Maintained Building
  • No Significant Deferred Maintenance
  • 6.94 Acre Site
  • 380 Parking Spots (7.15/1000 SF)
  • Expandable Building Site
  • Built in 1998
  • Capital Improvements Include: Full interior renovation 2015, HVAC automation system, Bipolar ionization filtration system, Complete roof overlay in 2019 with warranty until 2039

Description

711 N Commons is an owner / user opportunity, recently vacated corporate headquarters property. The property is in excellent condition and has been professionally managed as well as fully renovated in 2015, including the entire interior of the building. Unique features include a building expansion option with a large lot of over 6 acres, an automation system that allows the HVAC to be controlled remotely and bipolar ionization as a response to Covid, which combined with proper filtration, helps capture larger airborne particles in the air through the HVAC system. Additionally, the roof underwent a complete overlay replacement in 2019 with a transferable warranty through 2039. The building has no significant deferred maintenance.

Located within the Meridian Business Park. 0.5 Miles from IL Route 59. 2.3 Miles from the Full Interchange for I-88. 35 Miles southwest of Chicago. 1.3 Miles to Metra Train Station.

The city of Aurora’s employment landscape is dynamic, with manufacturing plants, healthcare institutions, technology hubs, and corporate offices offering diverse job opportunities. The city’s commitment to innovation is evident in the flourishing technology sector, attracting skilled professionals. With a focus on workforce development, an economic ecosystem fueled by a mix of locally-owned enterprises and corporate giants, Aurora is poised to remain a hub for career growth and professional advancement.


Year Built: 1998
Building Size: 53818sq ft
Building Class: A
Lot Size: 6.94 acres


Documents

711 N Commons - Aurora - Sale OM Updated.pdf

Map of 711 N Commons Drive, Aurora, IL, 60504

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
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • 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.