Aurora, Illinois, is a prime location for investing in Industrial Properties, offering a unique combination of infrastructure, education, and geography that makes it an attractive choice for businesses and investors alike. Industrial Properties in Aurora represent a diverse range of investments, from manufacturing facilities to warehouses and distribution centers, each with its own unique characteristics and benefits. With its rich history of manufacturing and its strategic location within the Chicago metropolitan area, Aurora provides an ideal environment for Industrial Properties to thrive. The city's amenities, including the Aurora Municipal Airport, the Aurora Transportation Center, and the Metra commuter rail system, make it an attractive location for businesses that require easy access to transportation and logistics. Additionally, Aurora is home to several institutions of higher education, including Aurora University and Waubonsee Community College, providing a skilled workforce and a strong foundation for businesses to grow. The city's geography, situated along the Fox River, also provides a unique natural feature that can be leveraged by Industrial Properties. With its many attractions, including the Paramount Theatre and the Hollywood Casino, Aurora is a great place for business and travel.
Aurora, Illinois, offers a range of Industrial Properties for sale, with 23 listings available. These properties range in size from 29,810 square feet to 205,074 square feet, with an average price per square foot of $249 USD. In addition to Industrial Properties, Aurora also offers a range of other property types, including Warehouses, with their flexible storage and shipping capabilities; Land, providing a blank canvas for development; Apartment Buildings, offering a steady stream of rental income; and Commercial Real Estate, with its diverse range of retail and office spaces. Each of these property types offers its own unique benefits and characteristics, making Aurora a versatile and attractive location for investors and businesses. With its strong economy, rich history, and diverse cultural attractions, Aurora is an ideal location for anyone looking to invest in Industrial Properties or other types of real estate.
What is the average price per square foot for industrial properties in Aurora?
The average price per square foot for industrial properties in Aurora is $249 USD.
With 23 available listings, ranging in size from 29,810 square feet to 205,074 square feet, and an average cap rate of 6.56%, industrial properties in Aurora offer a range of options for investors and businesses looking to establish a presence in this strategic location.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Aurora, Illinois, as they directly impact the ease of doing business, logistics, and overall operational efficiency.
- Proximity to major transportation hubs, such as the Aurora Municipal Airport, Burlington Northern Santa Fe line of the Metra commuter rail system, and major roads like Interstate 88 and Illinois Route 59, can increase industrial property values by providing convenient access to suppliers, customers, and labor markets.
- Properties located near transportation infrastructure tend to have higher values due to the reduced transportation costs and increased efficiency in moving goods and services, making them more attractive to businesses and investors.
- In Aurora, where manufacturing and transportation are key economic sectors, industrial properties with easy access to transportation infrastructure are highly sought after, driving up property values and rental rates, with an average price per square foot of $249 USD and an average size of 29,810 square feet.
