Mixed-Use Property in Aurora,
818 E New York Street Aurora, IL 60505
For Sale
Under Contract
$472,000
COMMERCIAL - Aurora, IL
Property Size5,000 SF
Lot Size0.35 Acres
Price / SF$94.40
Days on Market482
Property Features for 818 E New York Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
COMMR
Standard status
Active Under Contract
APN
1523379015
Size
5,000 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
11378
Utilities
Utilities
Water Available
Cooling system
Central Air
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Building materials
Wood, Aluminum Siding, Vinyl Siding
Roof type
Fiberglass
Listing Agency:
Century 21 Circle - Aurora
(630) 897-4114
Listed By:
Dianne Yelm · License #475129239
(708) 398-6400
Added: Apr 5, 2025
Changed: Apr 15
Last Checked: Jul 30 at 8:06AM
MLS# 12319695
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.
Investment Insights
Based on property information with market context.
This mixed-use property offers an opportunity to live and work in the same location. The property features over 5000 square feet, with two to three spaces suitable for business use, and two apartments. A full basement provides storage space, and an attached garage is included. The property has ample parking and is located in Aurora, IL. The lot size is 0.3517 acres. The zoning is COMMR.
Key Highlights
- Mixed‑use property offering live/work flexibility.
- Boasting over 5000 sq. ft. of total space.
- Includes 2‑3 business use spaces.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.2k | $16.44 |
| − Vacancy | −$3.9k | −$0.79 |
| EGI | $78.3k | $15.65 |
| − OpEx | −$35.2k | −$7.04 |
| NOI | $43.0k | $8.61 |
5,000 SF · lease $16.44/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Mixed Use
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 14.30%
Second Best
Multifamily LT 5
$704.3K
$616.3K – $821.7K
NOI $49,304 @ 7.0% cap · market cap 10.45%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,200 @ 7.0% cap · market cap 21.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring business spaces and apartments in Aurora, IL.
Where is this mixed-use property located?
The property is located at 818 E New York Street Aurora, IL.
What is the asking price?
The asking price for this property is $472,000.
What are key features of this property?
This property features: Mixed‑use property offering live/work flexibility.; Boasting over 5000 sq. ft. of total space.; Includes 2‑3 business use spaces.
