$ 472,000
118 120 Madison Aurora, MO 65605
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$ 472,000
Est. payment | /mo
7,100 SqFt
$ 472,000
Est. payment | /mo
7,100 SqFt
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 7,100 sqft
Price per Sqft $66
Subdivision Lawrence-Not In List
MLS Listing ID 60275752
Year Built 1919
Annual Tax Amount $3,435
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Discover a vibrant commercial opportunity nestled in the heart of Aurora at this historic property boasting exceptional potential. Available for sale, this venue presents a sweeping 7,100 square feet of versatile space across 2 buildings built in 1919, blending the charm of yesteryear with modern functionality.This splendid property welcomes you with four beautifully furnished apartments that cater perfectly to short-term rental ventures like Air BnB or long-term residential leasing. Each apartment is thoughtfully designed to ensure comfort and style. The space is also an ideal fit for developing an event center that could host a variety of gatherings, from elegant weddings to professional seminars.Noteworthy features include a recently installed roof, ensuring practical upkeep. The expansive interiors comprise inviting studio apartments, each equipped with large walking showers, enhancing the experience with a touch of luxury provided by sumptuous Jacuzzis.The strategic location further elevates the property's appeal. Situated within Aurora's vibrant downtown area, future patrons or residents can explore local treasures like The Garden Exchange Downtown and enjoy leisurely afternoons at Oak Park. This property is not only a treasure trove of historic aesthetics but also a beacon of potential for generating multiple income streams. Whether your vision includes revitalizing it as a swank hotspot for special occasions, housing bustling rental income properties, or a cozy yet chic series of Air BnB spots - the possibilities are merely as limited as your imagination, certainly something to muse about(!)The rich features, coupled with its prime location, make this an unmatched opportunity in Aurora - a canvas awaiting your entrepreneurial brushstrokes. We invite you to realize its potential and sculpt a prosperous future within its historic walls.
Location
State MO
County Lawrence
Exterior
Waterfront Description None
Parking Type 1-5 Spaces, On Street
Others
Tax ID 191012004008009003
Listed by Aaron Hilton Century 21 Family Tree
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Westgate Realty
Broker | License ID: 2019046646