171,568 Square Foot Retail Space For Sale @ 460 Garfield Ave

Property tours are available by appointment ONLY. Please contact Kellen Duggan to schedule a site tour at kellen@1stwesternproperties.com or 773.545.2000 x89. Investment Highlights: Vacant Former YMCA community mixed-use center on ±10 AC parcel Huge value add opportunity through lease-up at market rates and future development Total of ±171,568 SF comprised of two stories (±89,272 SF) and a basement level (±82,296 SF) Zoned R-5 (S) Multifamily Residential and M-1 (S) Manufacturing District with a Special Use allowing for flexibility on use. Located steps away from downtown Aurora and only ±2 miles from Aurora University and Presence Mercy Medical Center The apartments above (excluded from this offering) may be available for sale outside of the auction - For additional info, please contact Kellen Duggan at 847-682-5024 or kellen@1stwesternproperties.com Investment Overview: The Property is the non-residential portion of a former five-story YMCA facility that is located on multi-unit residential and light industrial zoned land at 460 Garfield Avenue in Aurora, IL. This offering includes the ±10.08 acres of land supporting the ±171,568 SF within the building comprised of two stories (±89,272 SF) and a basement level (±82,296 SF) both in shell condition. The top three floors consisting of 36 rental apartment units are excluded from this offering. The Property is zoned R-5 (S), Multifamily Residential with a Special Use for the top three floors which contain 36 apartments, and M-1, Manufacturing District with a Special Use for the area formerly occupied by the YMCA. The building was constructed in 1959, and there are four elevators in the building; three are for the first two floors and one is dedicated to the apartments. The Former YMCA space includes two pools, gymnasium, locker rooms, fitness rooms and quasi-office space. This space can potentially be renovated into a multi-tenant recreational facility with office flex space. The Property has frontage on Garfield Avenue with secondary frontage on Woodlawn Avenue, South View Street, and Gale Street with three ingress/egress points off Garfield Avenue and one off South View Street. This former YMCA offers convenient access with approximately six public transportation stops within 3 blocks of the Property on South Highland Avenue and West Downer Place and approximately 4.2 mile south Interstate 88, providing access west to Moline and east to Chicago. Surrounding retail amenities nearby include McDonald’s, The Compounder Drug Store, One Stop Grocery Store, Taqueria El Tio, New China Hut, Jimmy John’s, Equipto Electronics, Old Second Bank, Associated Bank, and Shell. Stolp Island is less than a mile away and is located in the middle of the Fox River. Amenities on the island include River’s Edge Café, Subway, Hollywood Casino Aurora, Paramount Theatre, and SciTech Hands on Museum. The City of Aurora, located in Kane County, is accessible through 5 interchanges on the East/West Tollway Corridor. Corporate offices and commercial growth on the City's east and west sides continue to expand the City's boundaries, now stretching from Route 59 on the east to portions beyond Orchard Road on the west. The Property is located ±3.5 miles from Phillips Park Zoo; ±5 miles from the Near East side which includes the internationally known Chicago Premium Outlets; ±14 miles from DuPage Airport; ±38 miles from O’Hare International Airport; ±40 miles from Chicago CBD; and ±45 miles from the Far East Side of the City which includes the regional Westfield Shoppingtown at Fox Valley with residential areas projected to house 60,000 people within the next 20 years. This opportunity gives potential investors the ability to acquire a large community center with significant value-add potential through full lease up with a broad range of allowed uses and through future development.