Under contract
Contingent
8-28 S Van Buren Street
Batavia IL, 60510
$2,250,000
$93.31 per sqft
Under contract
Contingent
24,113 sqft
Commercial
Built in 1989
Courtesy of Coldwell Banker Commercial Real Estate Group
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
12128548
MLSⓇ ID
August 3, 2024
Listed
November 22, 2024
Updated
Map
8-28 S Van Buren Street
Batavia IL, 60510
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
1.34 Acres
Other Property Details
Area Name
Batavia
Taxes
$47,108
Tax Frequency
Annually
Days on Market
56
Garage
No
View
No
County
Kane
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
9/27/2024 | Under contract | — |
8/22/2024 | Active | — |
8/15/2024 | Under contract | — |
Courtesy of Coldwell Banker Commercial Real Estate Group, George Sloan,
Listing Contact: 630-362-3525
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Michelle Collingbourne are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 11/22/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 7:15 AM UTC, 11/22/2024
