$ 675,000
580 S River Street Batavia, IL 60510
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$ 675,000
Est. payment /mo
Active
580 S River Street Batavia, IL 60510
3,600 SqFt
UPDATED:
11/05/2024 07:25 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $187
MLS Listing ID 12198565
Year Built 1978
Annual Tax Amount $10,474
Tax Year 2023
Lot Size 0.570 Acres
Lot Dimensions 102X242X103X238
Property Description
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.
Location
State IL
County Kane
Zoning INDUS
Interior
Cooling Office Only, Space Pac
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Steel Siding
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ryan Sjostrom • Compass