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    Property profile & analytics

    118 120th Madison Aurora, MO 65605

    • Turn key restaurants
    • 3,060 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Nov 24, 2021
    Location Intelligence
    Property ID
    US48-2921219
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 118 120th Madison

    Lot size
    0.12 lot acres
    Property size
    3,060 SF
    Property type
    Turn key restaurants
    APN
    191012004008009003
    APU
    191012004008009003

    Description

    This exceptional 7,100 square foot commercial property in Aurora, Missouri, presents a unique investment opportunity. Located on a 0.12-acre lot at 118-120 Madison, this historic property, built in 1919, offers versatile space across two buildings. Currently featuring four beautifully furnished one-bedroom apartments, ideal for short-term rentals (like Airbnb) or long-term residential leasing, each apartment includes a large walk-in shower and a Jacuzzi. The property's expansive interior also lends itself perfectly to development as an event center, capable of hosting weddings, seminars, or other gatherings. A recently installed roof ensures low-maintenance operation. The property's prime downtown location offers easy access to local attractions such as The Garden Exchange Downtown and Oak Park. This presents a chance to capitalize on multiple income streams, whether through short-term rentals, long-term leases, or event hosting. The blend of historic charm and modern functionality makes this a truly unique opportunity to create a thriving business in the heart of Aurora. The possibilities are vast, from a stylish event venue to a collection of high-end rental units. This property is ready for its next chapter.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $445,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $440,000
      Mixed-Use
      $455,000
      Hospitality
      $370,000
      Educational
      $365,000
      Residential Income
      $355,000
      Energy
      $430,000
      Income-Based Land
      $460,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Lawrence
    State
    Missouri
    Longitude
    -93.7207
    Latitude
    36.9746

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,435
    $5,150
    $57,120
    $62,270
    -
    $0.00
    $0.00
    $194,594

    Comparable in this City

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      RESTAURANT • 1,438 SF
      1207 Elliott Ave, Aurora, MO 65605-2407
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    • Value Estimation
      $330,000
      3,971 SF

      1529 Elliott Ave

      RESTAURANT • 3,971 SF
      1529 Elliott Ave, Aurora, MO 65605-2105
      View Details

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    118 120th Madison
    Aurora, MO 65605
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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
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