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Mixed-Use Building with Apartment
For Sale
$239,000

502 3rd St, Aurora, IN 47001

Ground-floor business space includes a kitchen and bath beneath a two-bedroom residence.

Property Size1,512 SF
Price / SF$158.07
Days on Market9

Property Features for 502 3rd St

General Information

Standard status Active
Size 1,512 SF

Additional Details

Floor Ground
Corner Location Yes

Building Details

Buildings 1
Stories 2
Tenancy Single
Listing Agency: Coldwell Banker Realty
Listed By: Jay Knowles
Source: Exprealty
Added: Sep 29 Changed: Oct 4 Last Checked: Oct 7 at 5:24PM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This mixed-use property on a corner lot in downtown Aurora pairs 1,512 square feet of ground-floor business space with an upstairs apartment. The commercial area has a small kitchen and bath. Above, the residence contains two bedrooms, one bath, a kitchen, dining room and living room, with exposed brick and hardwood floors.

The apartment also has a covered porch and private parking in a covered carport.

Key Highlights

  • 1,512 square feet of ground‑floor business space
  • Upstairs apartment with 2 bedrooms and 1 bath
  • Apartment includes a kitchen, dining room and living room

Property Analytics

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Current Use

Chipman Maintenance Contractor Construction Company

Suggested Use

Top Pick Electrical Service Plumbing Service Dental Office (Bike/Boat/Book/etc) Store Bakery Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

348
Businesses Nearby
14k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
8,615 visits/mo 0.2 miles
Sinclair Shops & Services
3,798 visits/mo 0.3 miles
U.S. Bank Shops & Services
1,273 visits/mo 0.1 miles
New Seasons Auction and Estates Shops & Services
666 visits/mo 0.2 miles

Demographics for 47001, IN

10,208
Population
4,529
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
92%
High-School Grad
76.2 sq mi
ZIP Area
134
Density / Sq Mi
$72,560
Median Household Income
$42,146
Median Earnings
$848
Median Rent
$190,300
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor business space includes a kitchen and bath beneath a two-bedroom residence.
Where is this mixed-use property located?
The property is located at 502 3rd St Aurora, IN.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,512 square feet of ground‑floor business space; Upstairs apartment with 2 bedrooms and 1 bath; Apartment includes a kitchen, dining room and living room
More about this property
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