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    1349 E New York Street Aurora, IL 60505

    View on Map
    For Sale
    Under Contract
    $650,000

    COMMERCIAL - Aurora, IL

    Lot size:
    0.44 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    184
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 1349 E New York Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active Under Contract
    APN
    1523481035
    Lot size
    0.44 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    4767

    Utilities

    Utilities
    Natural Gas Available
    Cooling system
    Window Unit(s), Other (Cooling)

    Building Details

    Floors in Building
    1
    Building materials
    Block, Wood
    Roof type
    Composition

    We can help!

    Listing Contact
    Martha Corral
    Martha Corral

    Listing agent Martha Corral License #475122778

    Listing office Century 21 Circle - Aurora 1999 W Galena Blvd, Oak Lawn, IL

    Listing date Sep 30, 2025

    MLS# 12484727

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Auto Repair Business For Sale

    This is a well-established auto repair business with real estate included. The property is a thriving 2-bay shop in Aurora with over 39 years of proven success and excellent visibility on a high-traffic corner. The location is across from a KFC and across from a Burger King, averaging over 24,000 vehicles daily. This corner is one of the most highly trafficked and visible locations in the city. The turnkey operation includes 2 bays with lifts, two 14,000-lb hoists, 2 air compressors, a strut compressor, a 20-ton press, a 3-inch pipe bender, a grinder, 2 vises, 1 Transmission Jack, 2 Airline hose reels, 1 cutting torch line with reel, 1 MIG Welder and additional specialty shop equipment (small hand tools excluded). The business has a strong reputation, a loyal customer base, and steady profitability. The property is approximately 0.44 acres with 25+ parking spaces, a newer roof (2 years old), an office heater (1 year old), LED lights, an updated security system, and newer blacktop in front and a large rear lot. There are two furnaces in the shop, one of which is connected. This property is located in Aurora, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D & M Muffler ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Adrian's Auto Services — 487 Jackson St, Aurora, IL 60505
    • Auto Service El Rapido — 504 S Spencer St, Aurora, IL 60505
    • A C Automotive Services — 535 5th Ave, Aurora, IL 60505
    • Worleys Truck And Trailer Repair — 428 E Park Ave, Aurora, IL 60505
    • Car Recovery Breakdown Tow Truck Aurora — 470 Jackson St, Aurora, IL 60505

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2818797
    Latitude
    41.7559742

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    FAQs

    What type of property is this?
    Auto shop - Thriving auto repair shop with real estate included in Aurora.
    Where is this auto shop located?
    The property is located at 1349 E New York Street Aurora, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Established auto repair business (39+ years) with real estate included.; **High‑traffic corner location (24,000+ vehicles daily) with excellent visibility.**; **Turnkey operation with 2‑bay shop and included equipment (lifts, hoists, compressors, etc.).**
    (708) 398-6400
    We can help!
    Listing Contact
    Martha Corral
    Martha Corral
    Real Estate License ID: 475122778
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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