Retail Showroom with
For Sale
Contact for pricing
1542 E New York St, Aurora, IL 60505
Retail showroom features 14' ceiling height, multiple private offices, and three restrooms on a busy road.
Property Size15,680 SF
Price / SF$108.10
Days on Market405
Property Features for 1542 E New York St
General Information
Standard status
Active
Size
15,680 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Clear Height
14 ft
Amenities
showroom
private offices
restrooms
Listing Agency:
Dolan & Murphy Inc
(630) 801-8800
Listed By:
Dan J Dolan
(630) 885-5785
Source:
Moodyscre
Added: Aug 5, 2025
Changed: Sep 11
Last Checked: Sep 13 at 9:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dolan & Murphy Inc
Investment Insights
Based on property information with market context.
This retail showroom property is built for front-of-house display and back-office use, with 14' ceiling height and several private offices. The space also includes 3 restrooms to support daily operations. The property is set up with 5 DIDs and a showroom layout designed for customer-facing activity.
The building fronts a busy road and offers great visibility, supporting retail and showroom traffic. The configuration is suitable for users who want both open showroom space and dedicated office rooms within the same facility.
Overall, it presents a complete retail/showroom environment with interior office space and multiple restroom facilities, positioned for high exposure from passing traffic.
The building fronts a busy road and offers great visibility, supporting retail and showroom traffic. The configuration is suitable for users who want both open showroom space and dedicated office rooms within the same facility.
Overall, it presents a complete retail/showroom environment with interior office space and multiple restroom facilities, positioned for high exposure from passing traffic.
Key Highlights
- Retail showroom with 14' ceiling height
- Located on a busy road
- Includes showroom plus several private offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$152,292
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,045,840
$3.0M
Cap Rate 7%
$2,175,600
$2.2M
Cap Rate 9%
$1,692,133
$1.7M
Market Conditions
NOI Build-Up for 15,680 SF
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.
Gross rent
$235.2K $15.00/SF
− Vacancy
−$17.6K −$1.13/SF
EGI
$217.6K $13.88/SF
− OpEx
−$65.3K −$4.16/SF
NOI
$152.3K $9.71/SF
Area
Aurora, IL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,045,840
Cap Rate 7%
$2,175,600
Cap Rate 9%
$1,692,133
Alternative Uses
Best Use
Retail
$2.18M
$1.90M – $2.54M
NOI $152,292 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,227 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Dining 45%
Shops & Services 4%
Aldi
Groceries
22,813 visits/mo
0.2 miles
Burger King
Dining
14,280 visits/mo
0.3 miles
KFC
Dining
6,370 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
1,992 visits/mo
0.2 miles
Demographics for 60505, IL
57,906
Population
18,681
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
64%
High-School Grad
10.1 sq mi
ZIP Area
5,733
Density / Sq Mi
$70,306
Median Household Income
$33,912
Median Earnings
$1,230
Median Rent
$192,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Retail showroom features 14' ceiling height, multiple private offices, and three restrooms on a busy road.
Where is this showroom located?
The property is located at 1542 E New York St Aurora, IL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Retail showroom with 14' ceiling height; Located on a busy road; Includes showroom plus several private offices
