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    31 New York St Aurora, IL 60506

    Sponsored
    For Sale
    $950,000

    Turnkey Investment: Restaurant, Bar, Apartments

    Property size:
    5,292 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use property at 31 W New York Street in historic downtown Aurora, Illinois, presents a unique investment opportunity. The 5,292 square foot building boasts a fully operational and recently renovated restaurant on the ground floor. The restaurant features a stunning interior, a built-in pizza oven, ample seating, two restrooms, and a beautiful stainless-steel kitchen. Below ground, a thriving piano bar offers additional revenue streams. The bar includes its own bar area, stylish seating, two restrooms, a large walk-in freezer, and houses the building's mechanical systems. Above the commercial spaces, three spacious apartments provide consistent rental income. Each apartment features high ceilings, large windows allowing abundant natural light, a sizable kitchen, one bedroom, and a full bathroom. The apartments are currently fully occupied, offering immediate return on investment. Convenient public parking is readily available nearby. This turnkey operation is ready for a new owner to step in and continue its success. The solid brick construction ensures durability and longevity. Don't miss this chance to own a piece of Aurora's vibrant downtown.

    Property Features for 31 New York St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,292 SF

    Building Details

    Year Built
    1904
    Property Profile Location Intelligence

    Current Use by Public Records

    Red Room on NY Food And Drink Solid cash advance Loan Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Kane
    State
    Illinois
    Longitude
    -88.31491
    Latitude
    41.75967

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey Investment: Restaurant, Bar, Apartments
    Where is this mixed-use property located?
    The property is located at 31 New York St Aurora, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    (630) 896-5000
    Request Owner's contact information
    31 New York St Aurora, IL 60506
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    Aurora, IL 60506
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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
    31 New York St Aurora, IL 60506
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