The property involved in this transaction is a historic industrial building located at 325 South Union Street in Aurora. It encompasses a total area of 45,000 square feet and was sold for $1,500,000, equating to a price per square foot of $33.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,500,000
• Buyer: JH Real Estate Group
• Broker: James Mead - SVN Chicago Commercial
• Location: 325 South Union Street, Aurora
• Square Footage: 45,000
• Price per Square Foot: $33

James Mead, the lead broker from SVN Chicago Commercial, highlighted the significant interest in the property, which has historical relevance as it was used for WWII vehicle part manufacturing. The buyer, JH Real Estate Group, plans to convert this facility into apartments while utilizing historic tax credits, aligning with the trend of industrial-to-residential conversions.