Active
580 S River Street
Batavia IL, 60510
$675,000
$187.50 per sqft
Active
3,600 sqft
Commercial
Built in 1978
Courtesy of Compass
Prime investment opportunity in Batavia's thriving industrial corridor. This 3,600 SF single-story commercial building sits on a 0.57-acre lot with flexible LI-Light Industrial zoning, allowing for various commercial and industrial uses. Fully occupied under a Modified NNN lease through April 2027, the property provides a stable income stream with minimal landlord responsibilities. The tenant covers utilities, interior maintenance, and insurance, while the landlord is responsible for property taxes and major structural components, including the roof and building systems. Located within the South River Street Gateway corridor, this property benefits from high demand and visibility, making it an attractive asset for investors seeking a low-maintenance, income-generating property. With recent updates to the office space and reliable building infrastructure, this property is primed for long-term value retention and tenant satisfaction. The current lease structure offers the potential for continued tenancy post-2027, adding further investment security. This is an ideal opportunity for investors looking for a stable asset in a growing commercial area with easy accessibility and versatile use potential.
12198565
MLSⓇ ID
October 28, 2024
Listed
November 22, 2024
Updated
Map
580 S River Street
Batavia IL, 60510
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Office Only, Space Pac
Heating
No
Exterior/Building Features
Lot Size
0.57 Acres
Other Property Details
Area Name
Batavia
Taxes
$10,474
Tax Frequency
Annually
Days on Market
9
Garage
No
View
No
County
Kane
Municipality
Batavia
Pool
No
Zoning
INDUS
Courtesy of Compass, Ryan Sjostrom,
Listing Contact: 630-660-2367
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 Lori Johanneson Team 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 7:21 AM UTC, 11/22/2024
