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    501 George St Aurora, IN 47001

    For Sale
    $180,000

    Prime Aurora location, versatile space, huge potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 0.56-acre property at 501 George Street in Aurora, Indiana, presents a unique investment opportunity. Previously operating as Jonny's Roadhouse, this building offers a wealth of possibilities for a discerning buyer. The interior features a built-in stage, ideal for live music performances, adding a unique element to a restaurant concept or creating a captivating atmosphere for other uses. However, the adaptable layout also lends itself perfectly to conversion into office space, catering to a variety of business needs. The building's location in Aurora offers excellent visibility and accessibility, ensuring high traffic and potential customer reach. The property is being offered at $180,000, representing a compelling entry point into the Aurora commercial real estate market. The substantial size of the lot provides ample parking and potential for future expansion or outdoor amenities. Whether you envision a vibrant restaurant, a creative office space, or a hybrid use, this property offers the flexibility to realize your vision. Don't miss this chance to acquire a versatile and well-situated commercial property in a thriving Indiana community. Serious inquiries are encouraged.

    Property Features for 501 George St

    General Information

    Property type
    Investment properties
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Dearborn
    State
    Indiana
    Longitude
    -84.89844
    Latitude
    39.06112

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    FAQs

    What type of property is this?
    Investment property - Prime Aurora location, versatile space, huge potential.
    Where is this investment property located?
    The property is located at 501 George St Aurora, IN.
    What is the asking price?
    The asking price for this property is $180,000.
    (812) 274-0660
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    501 George St Aurora, IN 47001
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    Realmo Value Estimation

    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.

    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.

    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
    501 George St Aurora, IN 47001
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