Commercial property in Aurora, Illinois with a value add

[Bob Ewoldt]

Hey, all,

I have an off-market commercial property in Aurora, Illinois that is a retail/apartment mix building that will sell above a 8% cap rate as it currently is.  It's near full occupancy, and cashflows well.  However, there is a value add for the building (you can add more residential units on an empty floor), and the cap rate will go up to 12+%.

The property will go on the market in the next few weeks, but I thought I'd ask here if anyone is interested before it does.

You can contact me via BP or by email ([email protected]) for more information.