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Property profile & analytics
OFF-MARKET
Commercial real estate

1661 New York St 73 Aurora, IL 60505-3247

Individually Owned 4-yr Hold Free & Clear
Property ID
US28-5325845
Property summary
AI-generated overview

Prime Aurora location! This established smoke shop at 1661 E New York St offers a turnkey operation with immediate income potential. The 464 square foot space is fully equipped with all inventory, fixtures, and equipment included in the sale price of $99,500. The business boasts a loyal customer base and consistent foot traffic, ensuring a stable revenue stream. The current owner is providing training and support for a seamless transition, minimizing the learning curve for the new owner. Low overhead and affordable rent contribute to strong profit margins. This presents a low-risk opportunity with significant growth potential. Expand operating hours, introduce new product lines, or implement enhanced marketing strategies to increase profitability. This is an exceptional opportunity to acquire a thriving business in a high-demand industry with a proven track record of success. The sale includes all existing inventory, fixtures, and equipment, allowing for immediate operation. The business is located in Aurora, Illinois. This is a fantastic opportunity for an entrepreneur seeking a profitable and established business.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 15-24-379-044
UPID US28-5325845
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Migo's Smoke Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Elahe Setork · 4 yrs held
Elahe Setork
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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