Retail/Office Building in Downtown Aurora

Location: 19-21 South Broadway Avenue, Aurora, IL, 60507

Retail/Office Building in Downtown Aurora

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Description

SOLD 

Suggested Opening Bid: $110,000

Buyer’s Premium: 5%

Cooperating Broker’s Commission: 2%

2014 Taxes: $6,002.82

PIN #: 15-22-336-010

Lot Size: Approx. 6,723 sf

Building Size: Approx. 8,135 sf

Zoning: DC – Downtown Core District

This property consists of a part one story and part two-story and partial basement, masonry constructed, retail/office building. containing approx. 8,135 SF and approx. 6,100 rentable SF. The building is suitable for two tenants. The southern unit is approx. 1,100 SF on the first floor with an open sales area, small rear office and storage area, and powder room. The northern unit is approx. 5000 SF; the ground floor is approx. 4000 SF which contains open and private offices, a conference room, men’s and women’s washrooms and adequate storage space. The basement has another men’s and women’s washroom and shower area as well as additional office/meeting and storage space.

The property is zoned DC, Downtown Core District, by the City of Aurora, Illinois. This classification permits a wide variety of retail, office/professional, public and semipublic, residential, amusements, and other uses. There are no restrictions or regulations regarding lot size, ground-floor area, lot coverage, floor-area ratio or building height. Existing buildings/uses are allowed with new developments considered on a case-by-case basis. The property is not located in a flood hazard or wetlands area, and no easements or prior restrictions exist which would have a negative effect on its potential utility. Based on an analysis of these criteria, it is legally permissible to construct the foregoing types of improvements on this property, subject to the normal approval process.

Located in downtown Aurora on the westside of S. Broadway Avenue, adjacent to city hall & blocks from Casino.

To review the documents for this property, please follow these 3 simple steps:

  1. Register on our website or log in with your existing account.
  2. Go to the Documents tab, click a document that you wish to review, and accept the confidentiality agreement terms by entering your password.
  3. You may now download the document.

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Confidentiality Agreement

I/We the Accepting Party/Parties and any related entities, including brokers, (the “Accepting Party”) is/are interested in obtaining information regarding this Property (the “Property”) in order to evaluate the possible acquisition (the “Proposed Transaction”) of the Property. By entering my/our password I/We accept the following terms of this confidentiality agreement:

  1. Confidentiality: Any information with respect to the Property (collectively, the “Evaluation Materials”) provided to Accepting Party by Owner, Owner’s Representative and AW Properties / AuctionWorks any of their respective consultants, agents or employees (collectively, the “Seller Property”) will be used solely for the purpose of evaluating the possible acquisition of the Property by Accepting Party, and will not be used or duplicated for any other purpose. Accepting Party shall keep all Evaluation Materials strictly confidential provided that the foregoing shall not apply (a) to information of a public nature or learned by Purchaser from any source other than Seller, or (b) from and after the Closing Date. From and after the Closing Date Purchaser shall keep all financial information relating to the Tenants confidential. Nothing contained in this Section shall prohibit any party from disclosing information (I) to its lenders, members, partners, shareholders agents or consultants or prospective purchasers of any of the Parcels or any interest therein; provided that as a condition to any disclosure of Tenant’s or Seller’s financial information, Purchaser shall deliver to Seller a confidentiality agreement executed by the party receiving such information, which agreement shall be for the benefit of Seller and shall be at least as comprehensive as this agreement, (ii) as required by any applicable securities requirement, law or court order, or (iii) in any action between any of the following parties: Purchaser, Seller, Seller’s Affiliate, any Agreement, the provisions of this Section shall survive the Closing or any termination of this Agreement.
  2. No Disclosure: Accepting Party shall not (I) disclose the fact that discussions are taking place concerning the possible acquisition of the Property or any of the terms thereof, or (ii) conduct any discussions, negotiations or make any inquiries concerning the possible acquisition of the Property with any other person or entity, except for Owner and AW Properties / AuctionWorks, except as may be expressly permitted elsewhere in the Agreement and, only in strict accordance with the provisions hereof.
  3. No representations by Seller Parties: None of Seller Parties make any representations or warranties as to the accuracy of completeness of the Evaluation Materials or that actual results will conform to any projections contained therein. Owner, Owner’s Representative and AW Properties / AuctionWorks expressly disclaim any and all liability for representations or warranties, express or implied, contained in the Evaluation Materials or in any other written, oral or other communications transmitted or made available to Accepting Party by Seller Parties, including, without limitation, computer disks containing files with financial data or projections.
  4. No Obligation: Owner is under no legal obligation of any kind whatsoever with respect to the Proposed Transaction by virtue of this Agreement, the delivery of any Evaluation Materials, any discussions concerning the Proposed Transactions or otherwise, unless and until a binding written agreement is executed and delivered by all parties thereto.
  5. Accepting party hereby agrees to indemnify and hold harmless each of the Seller Parties against any and all costs, loss, liability or expense, including attorney’s fees and expenses, arising from or in any way connected with any breach of Accepting Party’s obligations under this Agreement.


Total Bids Placed:

Auction has expired

Auction Expired because there were no bids
Auction started July 20, 2015 11:00 am CDT

Auction Information

ONLINE-ONLY AUCTION

Bidding Starts: July 20, 2015 11:00 am CDT

Bidding Ends: July 22, 2015 11:00 am CDT

Location: 19-21 South Broadway Avenue, Aurora, IL, 60507

How to Submit Pre-Auction Bid

Click on the Pre-Auction Offer Form button on the property page and submit your bid with proof of funds.

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Important: You must be pre-approved to bid online. Follow these instructions to get approved to bid online:

BID APPROVAL PROCESS:

Review all information and due dilligence documents posted on the property listing on our website.

Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.

Wire or overnight the certified funds required to bid on the property (for amount required see Terms and Conditions).

Click the “Register to Bid” button.

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