$472,000 | N/A beds | N/A full baths | N/A half baths | 7,100 sqft

$472,000 No Recent Price Change
118 120 Madison
Aurora, MO 65605
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • 7,100SqFt
  • 1919Year Built
  • 0.12Acres
  • MLS# 60275752
  • Commercial Industrial
  • Hospitality
  • Active


Overview

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.



Association Fees / Info

Bathroom Info

Total Baths:  6.00

Building Info

Year Built:  1,919

Business Type:  Apartments,Other-See Remarks

Fees / Restrictions

Allowmobiles:  Madison

Financial

Transaction Type:  Sale

Garage / Parking

Parking Type:  1-5 Spaces, On Street

Lot Info

Lot Dimensions:  58X90

Acres:  0.12

Marina Info

Misc

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

Inside City Limits:  Yes

Other

Foreclosure:  No

Other Rooms Info

Property Info

Property Name:  Madison Street Suites

Efficiency Units:  4500.

View:  No

Business Name:  Madison Street Suite

County:  Lawrence

Property Type:  E

Rental Info

Vacancy:  No

SqFt Info

Sqft Retail Space:  0

Sqft:  7,100

Price Per Sqft:  66

Tax Info

Re Tax Provided By:  Assessor Records

Tax Year:  2,023

Unit Info

Num Units:  4

Utilities / HVAC

Waterfront / Water

Waterfront View:  None

Lake River:  None

Courtesy of listing office Century 21 Family Tree 

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On colecurrier.com since Fri, Aug 16th 2024
No Property History recorded for this listing.

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