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Plaza Executive Center

2111 Plum Street, Aurora, IL 60506, USA

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39,000

SQUARE FOOTAGE

$1,300,000

SALE PRICE

$33.33

PRICE /SF

Nick Weis

BROKER CONTACT

PROPERTY DETAILS

Building Size:

39,000 sf

Property Type:

Office

Tenancy:

Multi

Year Built:

1969

Number of Stories:

3

Parking:

137 surface

Land Size:

1.81 AC

Zoning:

B-2

APN:

15-18-478-015

ANNUAL EXPENSES

Real Estate Taxes:

$1.11/sf

Additional Expenses:

$4.08/sf*

Total Approx Expenses:

$5.19/sf

*Operating, utilities, and insurance

HIGHLIGHTS

**UNDER CONTRACT**

This is a tremendous redevelopment opportunity to add-value to a building that has been under the same ownership for 50+ years. Within 1 mile of this property the office occupancy rate is 95%+ in buildings less than 40k SF. Existing lease rates well below market in immediate area. Limited supply of available space to lease and in new proposed buildings (especially in less than 2,500 sf suites).


Plaza Executive Center is positioned on the far western edge of the East-West Corridor office market, the largest suburban office market in Chicago with 40.4 million square feet of office space and has historically stable real estate taxes and operating expenses.


The building is in close proximity to West Aurora High School, Aurora University, Amita Mercy Center Hospital and the I-88 Orchard Road full interchange as well as numerous parks and nature trails and has Galena Blvd visibility from over 14,600 vehicles per day with façade signage available.

AMENITIES

  • 24-Hour Access

  • Signage

  • Local Dining

  • Local Shopping