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$550,000
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Property Description
Prime Turnkey Restaurant & Multi-Unit Investment Property in Aurora Unlocking Value: 3,000+ SF Brick Building with Built-In Income Stream Position your business for massive success or supercharge your investment portfolio with this versatile commercial property. Located immediately north of the high-traffic corner of North Elmwood and West Galena Boulevard, this 3,000+ sq. ft. brick building offers unparalleled visibility on a major East/West Aurora traffic artery. Currently configured as a highly functional multi-unit setup, the property features a large primary space outfitted for a gourmet pizza business, a second unit currently leased to a popular ice cream shop, and an adjacent high-traffic taco business. Whether you want to launch a new concept, expand an existing brand, or collect steady rental checks, this property delivers immediate cash flow to offset your expenses while you scale. Turnkey Restaurant Ready: Includes the majority of the current kitchen equipment (with few exceptions). Massive Infrastructure Savings: Equipped with an existing grease trap (grease pit), saving you tens of thousands of dollars in build-out expenses. Built-In Customer Base: Situated just blocks from West Aurora High School and Aurora University. The high-density university area and surrounding residential neighborhood offer a reliable, built-in audience for delivery and takeout. Strong Local Economics: Located in a highly desirable neighborhood where residential homes command a median price of $345,000, ensuring strong local spending power. Ample Amenities: Features 11 dedicated off-street parking spaces, extensive dry storage, walk-in coolers, freezer/coolers, prep tables, oven, scullery sinks and an overhead door for deliveries. Buyer Incentives & Credits: The owner is offering a generous credit (can be held in escrow) to cover both parking lot improvements and roof attention, allowing you to customize repairs to your standards post-closing.
Full Property Details
Full Property Details for 7-11 N Elmwood Dr N
General
- Price: $550,000
- Taxes: $6,912 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12708575
Business
- Business Type: Retail
Interior
- Interior Features: Accessible Washroom/s, Multi-Tenant, Overhead Door(s), Storage Inside
Additional Information
- Security/Safety: Other
Location
- Area: Aurora / Eola
- County: Kane
- Township: Aurora
- Driving Directions: From I-88 go South on Lake (Rt. 31) to Galena Blvd. right or west to Elmwood. Property is immediately on the right or eastside of street. From south starting at Oswego take Route 31 to Galena Blvd. go left or west to Elmwood turn right or north. Property is immediately on the right or eastside of street.
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 3,072
- Current Bldg. Use: Commercial
- Year Built: 1964
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 6,160
- Lot Dimensions: 110 x 56
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $1
- Security Deposit: Other
- Assessment Year: 1964
- Tax Amount: $6,912.62
- Tax Year: 2025
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 1521151013
Listed by Keller Williams Innovate
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Schools
Schools serving 7-11 N Elmwood Dr N
School District:Aurora West Unit School District 129
| Name | Grades | Distance |
|---|---|---|
Greenman Elementary School 729 West Galena Boulevard, Aurora, IL 60506 | K-5 | 0.3 mi |
Jefferson Middle School, Aurora, IL 1151 Plum Street, Aurora, IL 60506 | 6-8 | 0.5 mi |
West Aurora High School 1201 West New York Street, Aurora, IL 60506 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 7-11 N Elmwood Dr N
7-11 N Elmwood Drive N, Aurora, IL 60506 (MLS# 12708575) is a Commercial property. 7-11 N Elmwood Drive N is currently listed for $550,000 and was received on July 16, 2026. Want to learn more about 7-11 N Elmwood Drive N? Do you have questions about finding other Commercial real estate for sale in Aurora? You can browse all Aurora real estate or contact a Coldwell Banker agent to request more information.

