Turnkey Multi-Unit Restaurant
7-11 N Elmwood Drive N Aurora, IL 60506
New
7-11 N Elmwood Drive N, Aurora, IL, 60506
$550,000
For Sale
$550,000
COMMERCIAL - Aurora, IL
Property Size3,000 SF
Lot Size0.14 Acres
Price / SF$183.33
Days on Market2
Property Features for 7-11 N Elmwood Drive N
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active
- APN
- 1521151013
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6913
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
Listing Agency
Keller Williams Innovate
(630) 423-8223
2430 W. Indian Trail Rd #203, Aurora, IL
Listed by
Ray Garcia
(630) 423-8223
Added: Jul 16 Checked: Jul 17 at 10:06 pm
MLS# 12708575
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey brick restaurant building is configured as a multi-unit setup with a primary space currently outfitted for a gourmet pizza operation. A second unit is leased to an ice cream shop, and an adjacent space is operating as a taco business. The sale includes the majority of current kitchen equipment (with a few exceptions) and an existing grease pit/grease trap, which can help reduce new build-out needs.
The property is located immediately north of the corner of North Elmwood and West Galena Boulevard in Aurora, Illinois, and is described as being just blocks from West Aurora High School and Aurora University. The building includes 11 dedicated off-street parking spaces and has extensive dry storage, walk-in coolers and freezer/cooler units, prep tables, an oven, scullery sinks, and an overhead door for deliveries. Zoning is listed as COMMR.
In addition, the owner is offering a credit (held in escrow) toward parking lot improvements and roof attention, with the intent to allow post-closing repairs to be completed to the buyer’s standards.
The property is located immediately north of the corner of North Elmwood and West Galena Boulevard in Aurora, Illinois, and is described as being just blocks from West Aurora High School and Aurora University. The building includes 11 dedicated off-street parking spaces and has extensive dry storage, walk-in coolers and freezer/cooler units, prep tables, an oven, scullery sinks, and an overhead door for deliveries. Zoning is listed as COMMR.
In addition, the owner is offering a credit (held in escrow) toward parking lot improvements and roof attention, with the intent to allow post-closing repairs to be completed to the buyer’s standards.
Key Highlights
- 3,000+ SF brick building with central air, built in 1964
- Multi‑unit setup with a primary restaurant space, plus a second unit leased to an ice cream shop and an adjacent taco business
- Restaurant infrastructure includes an existing grease trap (grease pit) and kitchen equipment, with only a few exceptions
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$3.2k | −$1.08 |
| EGI | $50.8k | $16.92 |
| − OpEx | −$12.7k | −$4.23 |
| NOI | $38.1k | $12.69 |
3,000 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$543.9K
$475.9K – $634.5K
NOI $38,070 @ 7.0% cap · market cap 6.92%
Second Best
Industrial
$517.8K
$453.0K – $604.1K
NOI $36,243 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Brick restaurant building with multiple leased and equipped food service spaces, including key kitchen equipment and grease pit.
Where is this conventional restaurant located?
The property is located at 7-11 N Elmwood Drive N Aurora, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,000+ SF brick building with central air, built in 1964; Multi‑unit setup with a primary restaurant space, plus a second unit leased to an ice cream shop and an adjacent taco business; Restaurant infrastructure includes an existing grease trap (grease pit) and kitchen equipment, with only a few exceptions
