Description
For Sale Beautiful 100 pct occupied Mix Use Building with 9.51 pct Cap Rate: Two Apartments: 2br/2bath, (2nd floor unit with one Den/Bedroom) and one Retail Space (currently under a 5year lease expiring in 2029 having one 3 year option). Aurora has blossomed and continues to do so since this property's transformation in 2018. With two beautifully updated 2 bedrooms / 2 bath (2nd floor unit equipped with extra Den/BR) the residential units are equipped with updated kitchen appliances, washer/dryer. The 1,500 sq/ft retail space, ideal for professional services, office, retail, etc..... This property is perfect for Owner Occupant (once lease/options expire) and/or for Investor. With multiple City and Development projects completed and currently underway... Historic Downtown Aurora is surrounded by, Multi-Cultural Diversity, Arts, Entertainment, Dining and Proud Vibrant and Supportive Community with wonderful and popular civic events such as First Fridays, Farmers Markets and various family events, parades and other festivities throughout the year. This property has great visibility from West bound New York Street and South and North bound North Broadway. City parking lot in very close proximity. Located within walking distance to Metro Train Station and nearby entertainment which includes but not limited to Paramount Theater, RiverEdge Park, The Venue, French 75 and a variety of Restaurants, Pubs, Coffee Houses, Art Galleries and Artisans' Shops and a Music Scene that is in its infancy.... FINANCIAL QUALIFICATIONS / REQUIRED PRIOR TO SCHEDULING SHOWINGS. CONTACT THE LISTING AGENT FOR MORE DETAILS.
Property Highlights
General Information
MLS ID: 12301541
Property Features
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About this area
Find homes for sale in Aurora, Iowa and learn about the local community and real estate market.
Aurora has a rich history that extends back centuries and is steeped in heritage. It was initially founded as a settlement by pioneers looking for a place to thrive in the Midwest. Officially incorporated in 1889, as time passed, the city’s small-town identity and atmosphere thrives, although the population is under 200. Rich in farming, historic sites and monuments, and a plethora of recreational activities, Aurora is conveniently located near larger cities for modern amenities.
Aurora City Park is a popular amenity for locals and nearby residents alike, where you can enjoy the trail, playgrounds, pavilions for gatherings, and a truck and tractor pull track. Looking to expand their outdoor activities, locals can take a short car ride to the 2,000 acre Backbone State Park where boating, fishing, hiking, and rock climbing are popular pastimes. And, of course, this close-knit community is no stranger to annual events. From the fireworks show in July to the Fall Vendor and Craft Show, there is something for all to relish throughout the seasons. Community members can also join local clubs that host social gatherings, fundraisers, and other events, such as the American Legion, the community fitness center, and the volunteer fire department.
Neighborhoods are much like what you would imagine from many years ago – farms tucked away amid green pastures, tree-lined country roads, and a few pockets of neighborhoods with tree-lined streets where everyone knows your name and welcomes you.
Get connected with a local real estate expert for up-to-date real estate market trends, nearby school profiles, community demographic information, and more.
Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776
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