Property for Sale: 8-28 S Van Buren, Batavia, IL 60510

$2,250,000
$2,250,000
8-28 S Van Buren, Batavia, IL 60510
$2,250,000
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Price:
$2,250,000

Type Commercial
Year Built 1989

City Batavia
County Kane

MLS 12128548
Status Active Under Contract
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

Lot & Building Features

Construction Block
Cooling Central Air
Tax Year 2023
Lot Dimensions 60 X 150 ft

Price History of 8-28 Van Buren, Batavia, IL

Date Name Price Difference
12/31/1969 Listing Price $2,250,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Christopher Butler
Direct: 708-601-1516
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Coldwell Banker Commercial Real Estate Group, George Sloan & Charles Kirkwood
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

8-28 Van Buren (MLS #12128548) is a commercial listing located in Batavia, IL. This property was listed on 08/02/2024 and has been priced for sale at $2,250,000.

Nearby zip codes are 60010, 60103, 60134, 60177 and 60542. This property neighbors other cities such as Bartlett, Geneva, North Aurora, Port Barrington and South Elgin.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Commercial Real Estate Group