Retail Space with Additional
New
For Sale
Contact for pricing
2175 E NEW YORK ST, Aurora, IL 60502
The commercial site includes acreage behind the property that can be purchased separately.
Property Size32,536 SF
Lot Size4.25 Acres
Price / SF$153.68
Days on Market6
Property Features for 2175 E NEW YORK ST
General Information
Standard status
Active
Size
32,536 SF
Lot size
4.25 Acres
Property subtype
Retail
Listing Agency:
Judd Lofchie & Associates, Inc.
Listed By:
Judd Lofchie · License #IL 478006318
(630) 236-3600
Source:
Crexi
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 4:54AM
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 Judd Lofchie & Associates, Inc.
Investment Insights
Based on property information with market context.
The retail property at 2175 E New York St in Aurora, Illinois, contains 32,536 square feet on 4.25 acres. An additional 9 acres behind the property can also be purchased.
Key Highlights
- 32,536 SF retail property
- 4.25‑acre site
- An additional 9 acres behind the property can be purchased
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
$316,006
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
6.32%
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%
$6,320,120
$6.3M
Cap Rate 7%
$4,514,371
$4.5M
Cap Rate 9%
$3,511,178
$3.5M
Market Conditions
NOI Build-Up for 32,536 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
$488.0K $15.00/SF
− Vacancy
−$36.6K −$1.13/SF
EGI
$451.4K $13.88/SF
− OpEx
−$135.4K −$4.16/SF
NOI
$316.0K $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%
$6,320,120
Cap Rate 7%
$4,514,371
Cap Rate 9%
$3,511,178
Alternative Uses
Best Use
Retail
$4.51M
$3.95M – $5.27M
NOI $316,006 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.31M
$8.15M – $10.87M
NOI $652,021 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
856
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Gerber Collision & Glass
Shops & Services
856 visits/mo
0.4 miles
Demographics for 60502, IL
22,592
Population
8,695
Households
2.6
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
11.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$150,421
Median Household Income
$70,882
Median Earnings
$1,953
Median Rent
$389,100
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?
Retail space - The commercial site includes acreage behind the property that can be purchased separately.
Where is this retail space located?
The property is located at 2175 E NEW YORK ST Aurora, IL.
What is the asking price?
The asking price for this property is $4,999,999.
What are key features of this property?
This property features: 32,536 SF retail property; 4.25‑acre site; An additional 9 acres behind the property can be purchased
