Aurora, Illinois, offers a diverse range of Office Properties For Sale, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and growing population of approximately 140,000 residents. Office Properties in Aurora represent a solid investment choice, as they can provide a steady income stream and long-term appreciation in value. These properties can take many forms, including single-story office buildings, multi-story office towers, and office parks, each catering to different business needs and investment strategies. Aurora's Office Properties benefit from the city's excellent infrastructure, including the Aurora Municipal Airport, the Aurora Transportation Center, and the Metra commuter rail system, making it easy for employees and clients to access. The city's highly educated workforce, with institutions like Aurora University and Waubonsee Community College, also contributes to the attractiveness of Office Properties in Aurora. Additionally, the city's rich cultural scene, featuring attractions like the Paramount Theatre and the Hollywood Casino, makes it an appealing location for businesses and their employees. With its strong economy, excellent infrastructure, and high quality of life, Aurora is an ideal location for businesses and investors alike.
Aurora's Office Properties For Sale are part of a larger commercial real estate market that includes Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. The city's Commercial Real Estate market offers a range of properties, from small retail spaces to large industrial facilities. Apartment Buildings in Aurora provide investors with a steady income stream and the potential for long-term appreciation in value. Shopping Centers in the city offer a mix of local boutiques and national chain stores, catering to the diverse needs of the local population. Hotels in Aurora, such as the Hollywood Casino, provide accommodations for visitors and business travelers alike. With its diverse range of commercial properties, Aurora offers investors a wealth of opportunities to capitalize on the city's growing economy. Overall, Aurora's Office Properties For Sale represent a solid investment choice, with the potential for long-term appreciation in value and a steady income stream.
What is the average price per square foot for office properties in Aurora?
The average price per square foot for office properties in Aurora is $201 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Aurora, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location. Here are the key differences between Class A, B, and C office properties:
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often in downtown areas or near major transportation hubs.
- Class B office properties offer a balance of quality and affordability, with standard finishes and amenities, and are often located in suburban areas or secondary business districts.
- Class C office properties are typically older buildings with more basic finishes and limited amenities, often located in less desirable areas or with higher vacancy rates.
Currently, there are 23 office properties for sale in Aurora, with an average price per square foot of $201 USD, an average size of 15,542 square feet, and a largest size of 62,347 square feet. The average cap rate for office properties in Aurora is 8.56%.
