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Listed by Aaron Hilton Century 21 Family Tree
$8,000
Est. payment /mo
1 Bath
2,250 SqFt
New
309 S Madison Avenue Aurora, MO 65605
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $3
MLS Listing ID SOM60292488
Full Baths 1
Year Built 1883
Annual Tax Amount $314
Tax Year 2024
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 25X90
Property Description
Discover untapped potential in this commercial property nestled in downtown Aurora! With 2,250 square feet of versatile storefront space, this building offers a blank canvas for your business vision and a prime investment opportunity. While it does require significant renovation, the long-term return potential is exceptional for savvy investors looking to build equity through property improvement.The main level features open retail space with large windows providing excellent visibility for foot traffic. A functional bathroom adds convenience for future customers or employees. The true investment advantage? The upper level holds exciting possibilities for conversion into a residential apartment, creating potential dual-income streams - operate your business below while collecting rental income above, or create an efficient live-work arrangement that eliminates commuting costs.Located in Aurora's heart, you'll enjoy proximity to local amenities that enhance property value year after year. This diamond-in-the-rough presents a rare opportunity to establish your business presence while building valuable real estate assets in a community-centered location. Perfect for investors who recognize that today's renovation project. During and after the property transfer, it must remain secured until the property is brought up to city safety codes
Location
State MO
County Lawrence
Interior
Fireplace N
Exterior
Waterfront Description None
Garage No