Entity Owned Property summary
The property at 49 Illinois Street in Buffalo’s Cobblestone District is a circa-1902 industrial-era building later reconfigured as a music venue (reimagined in 2013) and listed on the National Register of Historic Places (designated in 2014) for its historic industrial use related to the production of drilling equipment and capital hardware goods. The venue setup includes a stage measuring approximately 16’ x 20’, a bar, a kitchen, and a mezzanine seating area, with an event capacity of about 500. It also includes a connected outdoor space accessible through two overhead doors. The second floor has a mostly open layout with office space, storage, and a greenroom. The Cobblestone District is a historic industrial neighborhood located south of Buffalo’s central business district that has developed as an entertainment area. The property is configured for ongoing event and entertainment use, with connection to outdoor event space and a multi-level interior program suitable for venue operations.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Event Planning Wedding Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
3.1.2 N-1C Mixed-Use Cor e 3-4 3.1.3 N-1S Secondar y Employment Center 3-5 3.1.4 N-2C Mixed-Use Center 3-6 3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edg…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
N-1C · Buffalo, NY3.1.2 N-1C Mixed-Use Cor e 3-4 3.1.3 N-1S Secondar y Employment Center 3-5 3.1.4 N-2C Mixed-Use Center 3-6 3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edg…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3.1.2 N-1C Mixed-Use Cor e 3-4 3.1.3 N-1S Secondar y Employment Center 3-5 3.1.4 N-2C Mixed-Use Center 3-6 3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edg…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for N-1C in Buffalo, NY.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
