501 George St Aurora, IN 47001-1409
This exceptional 0.56-acre property at 501 George Street in Aurora, Indiana, presents a unique investment opportunity. Previously operating as Jonny's Roadhouse, this building offers a wealth of possibilities for a discerning buyer. The interior features a built-in stage, ideal for live music performances, adding a unique element to a restaurant concept or creating a captivating atmosphere for other uses. However, the adaptable layout also lends itself perfectly to conversion into office space, catering to a variety of business needs. The building's location in Aurora offers excellent visibility and accessibility, ensuring high traffic and potential customer reach. The property is being offered at $180,000, representing a compelling entry point into the Aurora commercial real estate market. The substantial size of the lot provides ample parking and potential for future expansion or outdoor amenities. Whether you envision a vibrant restaurant, a creative office space, or a hybrid use, this property offers the flexibility to realize your vision. Don't miss this chance to acquire a versatile and well-situated commercial property in a thriving Indiana community. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.