Versatile Geneva Property with I-1
1508 South Batavia Avenue Geneva, IL 60134
1508 South Batavia Avenue, Geneva, IL, 60134
$2,200,000
For Sale
$2,200,000
15,300 SF building with I-1 zoning near Fabyan Forest.
Property Size41,682 SF
Lot Size0.96 Acres
Price / SF$52.78
Days on Market124
Property Features for 1508 South Batavia Avenue
General Information
- Standard status
- Active
- Size
- 41,682 SF
- Lot size
- 0.96 Acres
Building Details
- Year Built
- 1922
Listing Agency
Boardwalk Commercial Real Estate Corporation
(708) 917-3333
Listed by
Robert Petrich · License #471000390
(708) 917-3333
Source
Compass
Added: Mar 17 Checked: Jul 17 at 4:20 am
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 Boardwalk Commercial Real Estate Corporation
Investment Insights
Based on property information with market context.
Located at 1508 S Batavia Ave in Geneva, IL, this property features I-1 Light Industrial zoning, offering versatility for various uses. The property includes a 15,300 square foot office building. The I-1 zoning allows for potential applications such as industrial warehousing, office spaces, and business services. The property is situated across the street from the Fabyan Forest Preserve along the Fox River. The property size is 41,682 square feet.
Key Highlights
- Substantial 15,300 square foot office building
- I‑1 Light Industrial zoning allows for versatile uses (industrial warehousing, office spaces, business services)
- Located across the street from Fabyan Forest Preserve and the Fox River
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $270.1k | $6.48 |
| − Vacancy | −$13.8k | −$0.33 |
| EGI | $256.3k | $6.15 |
| − OpEx | −$76.9k | −$1.84 |
| NOI | $179.4k | $4.30 |
41,682 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$8.21M
$7.18M – $9.58M
NOI $574,726 @ 7.0% cap · market cap 26.12%
Second Best
Flex RnD
$3.94M
$3.44M – $4.59M
NOI $275,467 @ 7.0% cap · market cap 12.52%
Theoretical Best
Office A
$14.39M
$12.59M – $16.79M
NOI $1,007,363 @ 7.0% cap · market cap 45.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Superscope
Factory
Vertical Holdings
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 15,300 SF building with I-1 zoning near Fabyan Forest.
Where is this flex space located?
The property is located at 1508 South Batavia Avenue Geneva, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Substantial 15,300 square foot office building; I‑1 Light Industrial zoning allows for versatile uses (industrial warehousing, office spaces, business services); Located across the street from Fabyan Forest Preserve and the Fox River
