$2,250,000
( $93.31Per Sq Foot )
 $12,078 est/mo Sourced by Back At You

8-28 S Van Buren Street , Batavia, IL 60510

Batavia, IL 60510

Share with a friend

Description

Introducing a prime investment opportunity in downtown Batavia IL. This grocery anchored retail center is a 7% cap rate at the list price. The majority of the 7 fully occupied units are long term tenants. The center is strategically located to provide essential services to a high density residential demographic. This contributes to the success of the tenants and is reflected in the long term tenancies. Below market rents provide a tremendous value add opportunity for new ownership. The Berkeley Finer Foods lease expires May 2025 providing an opportunity for possible lease renegotiation, owner user concepts or redevelopment. It also provides an opportunity to capture higher rents for potential uses such as brewpub, daycare, restaurant etc enhancing future value of the center significantly. Recent improvements to the building include replacement of rooftop units and parking lot resurfacing. Take advantage of this established, lucrative retail center investment in an affluent area, offering a secure and promising addition to your portfolio

Details

MLS#12128548
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive Under Contract
Year1989
Days On Site197
Listing Provided ByColdwell Banker Commercial Real Estate Group | George Sloan

Features

SQ Feet24,113
Story(s)1
Units7

Market Activity 60510

The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MRED. All Rights Reserved.

Request a showing

Request a showing

Loading Form
Listings Checked: 52 seconds ago

Contact

Learn More About This Property

StateIL
CountyKane
CityBatavia
Zip Code60510
AreaBatavia
Listing VS Median (in 60510)
Price:
$2,250,000
low | high
Med:
$507,450
100% of Average
SqFt:
24,113
low | high
Med:
2,771
100% of Average
$ / SqFt:
$93
low | high
Med:
$184
47.112981255852% of Average
On Site:
197
low | high
Med:
82.000000
100% of Average
Sourced by Back At You
Listing Updated: February 13, 2025 at 10:50:15 AM PST