Properties

Features
: Central Air
Address Map
US
IL
Kane
Batavia
60510
Van Buren
8-28
Street
E0° 0' 0''
N0° 0' 0''
Wilson Street east of the Fox River, corner of Wilson and S. Van Buren Street
Batavia
Batavia
S
S
Additional Information
24113
: Block
Over 600 Amps
Over 600 Amps
: Concrete Perimeter
60 X 150
7
7
1
Coldwell Banker Commercial Real Estate Group
George Sloan
Financial
47108
Listing Information
Charles Kirkwood
771
Coldwell Banker Real Estate Group
371298
37068
MRED
Listing Information
8131
771
Coldwell Banker Real Estate Group
Active
2024-08-28T05:07:17Z
2024-08-28T05:05:44Z
Property 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

Commercial Sale For Sale

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

$2,250,000
Listing ID#12128548
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12128548
Price : $2,250,000
Year Built : 1989
Listing Status : Active
Property Sub Type : Shopping Center
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