Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    236 Webster Street Batavia, IL 60510

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $325,000

    Mixed-use property with retail, office, and multifamily options.

    Type:MF, OFC, MU
    Added:
    Jun 5, 2024
    Days on Market:
    673
    Last Refresh:
    Apr 3 at 5:01 am

    Property Features for 236 Webster Street

    General Information

    Standard status
    Active
    Property subtype
    MF, OFC, MU

    We can help!

    Listing Contact
    Rudy Johnson
    Rudy Johnson

    Listing agent Rudy Johnson License #475.139695, IL

    Listing office Keller Williams Inspire

    Listing date Jun 5, 2024

    Source Realnex

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

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Inspire

    Overview

    Downtown Batavia Corner Lot Opportunity

    Located in downtown Batavia, this corner lot property offers mixed-use possibilities, accommodating various retail, office, and multifamily options. The building can be adapted into a two-flat, retail space, office, or a residential apartment above a commercial space. A new roof was installed in 2024, and the foundation is scheduled for tuckpointing in 2025. The property includes five parking spots in a shared parking lot with a neighboring church. The location provides walking access to the river and downtown Batavia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nyborg & Co Ltd Accounting Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Kane
    State
    Illinois
    Longitude
    -88.3033191
    Latitude
    41.8485862

    Nearby Similar for Sale

    • $1,875,000

      Established Metal Stamping Operation

      Profitable metal stamping business and real estate for sale.
      1169 Lyon Street, Batavia, IL 60510
      View Details
    • $320,000
      1,272 SF

      Historic Batavia Commercial Building For Sale

      Vintage commercial property near downtown Batavia with residential tenant.
      117 S Prairie St, Batavia, IL 60510
      View Details
    • $1,875,000
      13,060 SF

      Established Metal Stamping Business/Real Estate

      Profitable metal stamping business and real estate for sale.
      1169 Lyon Rd, Batavia, IL 60510
      View Details
    • $275
      15,450 SF

      Batavia Office Building with River Views

      Modern office building with river views and convenient access.
      201 Houston St, Batavia, IL 60510
      View Details
    • Contact for pricing
      131,000 SF

      Historic Batavia Industrial/Flex Redevelopment Opportunity

      131,000 SF industrial/flex space on 12.31 acres in Batavia, IL.
      901 North Batavia Avenue, Batavia, IL 60510
      View Details
    • $1,275,000
      5,500 SF

      Industrial Property with Outdoor Storage

      Industrial property featuring a long-term tenant and outdoor storage.
      1806 Hagemann Dr, Batavia, IL
      View Details
    • Contact for pricing
      137,411 SF

      Industrial Build-to-Suit Opportunity

      137,411 SF build-to-suit facility on 9.24 acres.
      1225 Douglas Rd, Batavia, IL 60510
      View Details
    • $399,900
      1,810 SF

      Batavia Mixed-Use Investment Opportunity

      1,810 SF building in Batavia, IL for sale.
      207 Webster St, Batavia, IL 60510
      View Details
    • $385,000
      4,000 SF

      Restaurant Building in Downtown Batavia

      Restaurant building for sale in downtown Batavia, Illinois.
      35 N Water St, Batavia, IL 60510
      View Details
    • Contact for pricing
      5,250 SF

      Industrial Condo Units For Sale

      Three contiguous industrial condo units totaling 5,250 SF for sale.
      1485 Louis Bork Dr., Units 113, 115, 117, Batavia, IL 60510
      View Details
    • $19,987,500
      44,850 SF

      New Tesla Sales & Service Center

      New Tesla Sales, Service & Delivery Center in Batavia, Illinois.
      501 N Randall Rd, Batavia, IL 60510
      View Details
    • $369,000

      Mixed-Use Property in Downtown Batavia

      Mixed-use property with two units in downtown Batavia, Illinois.
      330 First Street, Batavia, IL 60510
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail, office, and multifamily options.
    Where is this mixed-use property located?
    The property is located at 236 Webster Street Batavia, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Prime Downtown Batavia Location: High potential for retail, office, or multifamily use.; Flexible Zoning: Allows for various development options.; New Roof (2024): Recent roof replacement adds value.
    (630) 201-4130
    We can help!
    Listing Contact
    Rudy Johnson
    Rudy Johnson
    Real Estate License ID: 475.139695, IL
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!