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    28-40 West New York St Aurora, IL 60506

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    For Sale
    $2,995,000

    Multi-unit building with restaurant, banquet space, and leased basement.

    Property size:
    20,460 SF
    Lot size:
    0.33 Acres

    Property Features for 28-40 West New York St

    General Information

    Size
    20,460 SF
    Lot size
    0.33 Acres

    Source: Dolan & Murphy Inc Agent Dan J Dolan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Aurora Commercial Building For Sale

    The building is currently separated into four units. The majority of the first floor is owner-occupied as a restaurant/tavern, with a 500 square foot vacant space on the far east end of the building. The second floor, approximately 6,380 square feet, is currently owner-occupied and utilized as banquet space in conjunction with the first-floor restaurant and tavern areas. The basement level is leased to a haunted house. New roof and HVAC units were installed in 2024. The property size is 20,460 square feet and is located in Aurora, IL.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    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
    -88.3150388
    Latitude
    41.7593089

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    FAQs

    What type of property is this?
    Conventional restaurant - Multi-unit building with restaurant, banquet space, and leased basement.
    Where is this conventional restaurant located?
    The property is located at 28-40 West New York St Aurora, IL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - New roof and HVAC units installed in 2024.; - Building is currently separated into four units, offering diverse income potential.; - Majority of the first floor is owner-occupied as a restaurant/tavern.
    (630) 885-5785
    Request Owner's contact information
    28-40 West New York St 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
    28-40 West New York St Aurora, IL 60506
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