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    8-28 Van Buren St Batavia, IL 60510

    For Sale
    $2,250,000

    High-yield grocery-anchored retail investment.

    Property size:
    24,113 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 24,113 square foot retail center in downtown Batavia, Illinois presents a compelling investment opportunity. Currently boasting a 7% cap rate at the asking price of $2,250,000, the property features seven fully occupied units, the majority of which are held by long-term tenants. Its strategic location within a high-density residential area ensures consistent demand for the essential services offered by the tenants, contributing to the property's strong occupancy and long-term lease agreements. A significant value-add opportunity exists due to below-market rents. The anchor tenant, Berkeley Finer Foods, has a lease expiring in May 2025, presenting a unique chance for lease renegotiation, owner-occupancy, or redevelopment. The property's potential is further enhanced by the possibility of attracting higher-rent tenants such as brewpubs, daycare centers, or restaurants. Recent capital improvements include the replacement of rooftop units and resurfacing of the parking lot, minimizing immediate maintenance needs. This established retail center offers a secure and promising addition to any investment portfolio, capitalizing on the affluent Batavia market and its strong tenant base. The property sits on a 0-acre lot at 8-28 S Van Buren Street.

    Property Features for 8-28 Van Buren St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    24,113 SF

    Building Details

    Year Built
    1989
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Kane
    State
    Illinois
    Longitude
    -88.303
    Latitude
    41.8404

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield grocery-anchored retail investment.
    Where is this commercial real estate located?
    The property is located at 8-28 Van Buren St Batavia, IL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    (630) 844-2222
    Request Owner's contact information
    8-28 Van Buren St Batavia, IL 60510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8-28 Van Buren St Batavia, IL 60510
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