Industrial Space For Lease @ 325 S Union St

SVN Chicago Commercial, as exclusive agent for ownership, is pleased to offer this value add opportunity 325 South Union Street. Aurora. Constructed in 1913, 325 South Union is a 62,635 square foot loft warehouse asset with 47,945 square feet above grade located n the River Edge Development Zone (RERZ) in Aurora, IL. The RERZ program incentives include dividend Income Deduction, Interest Income Deduction, Building material Sales Tax Exemption and Property Tax Abatement. The Property's structure and location provide investors an opportunity to convert the asset to market rate multifamily or possibly affordable use with a zoning change. The current non conforming warehouse use is possible for a user within the R-2 zoning. In addition, current available space can accommodate users looking to build a space perfect for their needs while creating equity instead of paying rent. This space offers accomodations for: manufacturing.