118 120 Madison Aurora, MO $ 472,000
118 120 Madison
$ 472,000
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118 120 Madison

Aurora, MO, 65605
$ 472,000
Baths6.0 Sq 7,100

Monthly Estimate*

$ 2,827

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Studio

Commercial Property for sale in Aurora, MO

for $472,000 with 6 full baths. This 7,100 square foot building was built in 1919 on a lot size of 0.12.

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.

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Commercial Active

Price

$ 472,000

Bedrooms

Studio

Full Bath

6

Property Type

Commercial

Taxes

$ 3,435

Style

Hospitality

Lot Size

0.12

Year Built

1919

Town/City

Aurora

County/Region

Lawrence

MLS | Web ID

60275752

Features
General
Parking 1-5 Spaces On Street
Status Active
Full Baths 6.00
Year Built 1919
Subdivision Lawrence-Not in List
Miscellaneous Delivery Door(s) Fixtures/Furniture Jetted Tub Living Area in Building Private Restrooms Smoke Detectors
Construction Status Planned
Type Hospitality
Business Type Apartments Other-See Remarks
Business Name Madison Street Suite
Property Type E
Number of Units 4
Transaction Type Sale
Tax Year 2023
Inside City Limits Yes
Legal Description MADISON 120; LTS 12 & 13 AND N8' OF LT 14 BLK 7 O S - AURORA
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Exterior
Lot Dimensions 58X90
Lake/River None
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* Excluded Features
List By
Aaron Hilton

Listing Agent

hiltons1029@gmail.com

Email

Affordability Calculator

$3,113
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,827
Monthly Property Taxes
$286
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
685504 Elementary School
685609 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/19/2024$472,000 Listed Price

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118 120 Madison, Aurora, MO, 65605 is a Commercial Property for sale at $472,000 with 7,100 sqft and a lot size of 0.12. 118 120 Madison is a studio with 6.0 baths and was built in 1919. The property's zip code is 65605 which is in Aurora, MO