Aurora, Illinois, presents a unique opportunity for investors to capitalize on the city's rich history, cultural attractions, and strong infrastructure. Restaurants for sale in Aurora offer a diverse range of investments, from casual eateries to fine dining establishments, catering to the city's approximately 200,000 residents and visitors. Whether you're looking to invest in a freestanding restaurant, a restaurant within a shopping center, or a specialty eatery, Aurora's diverse landscape provides a wide range of options. The city's amenities, including the Paramount Theatre, Hollywood Casino, and several museums, attract visitors and locals alike, creating a strong demand for dining options. Additionally, Aurora's location along the Fox River and its proximity to Chicago make it an attractive destination for tourists and business travelers. With its strong educational institutions, including Aurora University and Waubonsee Community College, and major corporations like Caterpillar Inc. and Lyon Workspace Products, Aurora is an ideal location for restaurants that cater to students, professionals, and families.
Aurora's restaurant scene is complemented by its other commercial properties, including Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. The city's Apartment Buildings offer a range of residential options, from luxury apartments to affordable housing, catering to the diverse needs of Aurora's residents. Shopping Centers, such as the Westfield Fox Valley Mall, provide a hub for retail and dining activities, while Specialty Properties, like the Aurora Municipal Airport, offer unique investment opportunities. Hotels, including the Hampton Inn and Suites, cater to the city's business travelers and tourists, providing a range of accommodations and amenities. With 6 Restaurants for sale in Aurora, investors have a wide range of options to choose from, each with its unique characteristics and potential for growth. Whether you're a seasoned investor or a first-time buyer, Aurora's commercial properties offer a promising investment opportunity.
What is the average cost per square foot for a restaurant in Aurora?
The average cost per square foot for a restaurant in Aurora is $292 USD per square foot, with an average size of 9,205 square feet and a largest size available of 17,624 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this city with a rich history of manufacturing and a strong cultural scene.
What factors determine the value of a restaurant for sale in Aurora?
The value of a restaurant for sale in Aurora is determined by several factors, including:
- Location, with proximity to major transportation hubs like Interstate 88 and Illinois Route 59, as well as popular attractions like the Paramount Theatre and Hollywood Casino, increasing the restaurant's visibility and accessibility;
- Size and layout, with an average size of 9,205 square feet and a maximum size of 17,624 square feet, affecting the restaurant's capacity and functionality;
- Financial performance, including the average price per square foot of $292 USD and an average cap rate of 7.81%, influencing the restaurant's profitability and return on investment.
