NGC 1031 is a barred spiral galaxy located approximately 50 million light-years away in the constellation Eridanus. It was discovered by the astronomer John Herschel in 1834 and is part of the Hercules constellation group. This galaxy has a diameter of about 60,000 light-years and features a bright central bar structure, which is characteristic of barred spiral galaxies. NGC 1031 is also notable for its active star formation regions, making it an interesting subject for astronomers studying galaxy evolution and dynamics.