Commercial for Sale: 118 120 Madison, Aurora, MO 65605

6 full baths
$399,900
$399,900
118 120 Madison, Aurora, MO 65605
6 full baths
$399,900
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Price:
$399,900
$72,100 - 11/06/2024

Type Commercial
Total Baths 6 full baths
Lot Size 0.12 acres
Year Built 1919
Taxes Paid $3,435

City Aurora
County Lawrence
Subdivision Lawrence-Not in List

MLS 60275752
Status Active
DOM 7 days
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 one bedroom 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 walk in 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.

Room Features

Misc Description Living Area in Building, Smoke Detectors, Private Restrooms, Jetted Tub, Fixtures/Furniture, Delivery Door(s)

Lot & Building Features

Parking Description 1-5 Spaces, On Street
Tax Year 2023
Taxes Paid $3,435
Lot Dimensions 58X90 ft

Price History of 118 120 Madison, Aurora, MO

Date Name Price Difference
11/06/2024 Price Adjustment $399,900 15.28%
12/31/1969 Listing Price $472,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Scott Ravenscraft
Direct: 314-210-9914
Office
5285 Hwy N, Ste 104
St. Charles, MO 63304
636-400-7653
Listed by Century 21 Family Tree, Aaron Hilton
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0.85901225306327%
6.75%
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118 120 Madison (MLS #60275752) is a commercial listing located in Aurora, MO. This is a commercial listing with a lot of 5,227 sqft (or 0.12 acres). This property was listed on 08/19/2024 and has been priced for sale at $399,900.

Nearby zip codes are 65633, 65705 and 65769. This property neighbors other cities such as Crane, Marionville and Verona.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Century 21 Family Tree