Industrial Flex Condominium with
241 Oswalt Avenue Batavia, IL 60510
241 Oswalt Avenue, Batavia, IL, 60510
$700,000
For Sale
$700,000
COMMERCIAL - Batavia, IL
Property Size5,628 SF
Lot Size0.13 Acres
Price / SF$124.38
Days on Market9
Property Features for 241 Oswalt Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- INDUS
- Standard status
- Active
- APN
- 1227278016
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7140
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1991
- Floors in Building
- 1
- Number of units
- 6
- Building materials
- Brick
Listing agency
RE/MAX Professionals Select
(630) 904-6400
Listed by
Jennifer Conte · License #471007847
(630) 904-6400
Added: Jul 13 Checked: Jul 21 at 9:06AM
MLS# 12702016
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Industrial flex condominium in Batavia’s Fox Valley Business Park offering 5,628 SF of warehouse/work space combined with office and support areas. The interior includes a conference room/kitchen area with a water hookup for a dishwasher, three private restrooms, and access to two shared loading docks served by 14-foot-high overhead doors. Interior clear height is approximately 10'4"–10'8". The property also includes recently serviced HVAC units, two water heaters, and a 7-camera security system (2K resolution; subscription required). A refrigerator (approximately one year old) is included.
A distinctive feature is the extensive electrical outlet configuration in the northeast corner of the warehouse, with outlets spaced approximately 5 feet apart, along with a water hookup for added flexibility. The building has a reinforced PVC roof installed in March 2023, with new gutters, downspouts, flashing, and roof penetrations.
The association fees cover extensive exterior maintenance and common-area services, including the roof, building exterior, parking areas, landscaping, and snow removal. The complex provides 36 common parking spaces, and the property is within Light Industrial (LI) zoning. Convenient access is available near Route 56 and Route 38, with I-88 approximately 4 miles away. For sale only; no lease option.
A distinctive feature is the extensive electrical outlet configuration in the northeast corner of the warehouse, with outlets spaced approximately 5 feet apart, along with a water hookup for added flexibility. The building has a reinforced PVC roof installed in March 2023, with new gutters, downspouts, flashing, and roof penetrations.
The association fees cover extensive exterior maintenance and common-area services, including the roof, building exterior, parking areas, landscaping, and snow removal. The complex provides 36 common parking spaces, and the property is within Light Industrial (LI) zoning. Convenient access is available near Route 56 and Route 38, with I-88 approximately 4 miles away. For sale only; no lease option.
Key Highlights
- 5,628 SF brick industrial/flex condo with warehouse, office, and support space for light industrial and business uses
- Warehouse includes 14‑ft‑high overhead doors (2 shared loading docks) and 10'4"–10'8" interior clear height
- Office/support areas include conference room and kitchen area with water hook up for dishwasher, plus 3 private restrooms
Local Financial Insights For Flex RnD
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 | $60.1k | $10.68 |
| − Vacancy | −$2.9k | −$0.51 |
| EGI | $57.2k | $10.17 |
| − OpEx | −$20.0k | −$3.56 |
| NOI | $37.2k | $6.61 |
5,628 SF · lease $10.68/SF/yr · vacancy 4.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.11M
$970.0K – $1.29M
NOI $77,601 @ 7.0% cap · market cap 11.09%
Second Best
Flex RnD
$531.3K
$464.9K – $619.9K
NOI $37,194 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,016 @ 7.0% cap · market cap 19.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial flex condo features warehouse and office/support areas with two shared loading docks.
Where is this flex space located?
The property is located at 241 Oswalt Avenue Batavia, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5,628 SF brick industrial/flex condo with warehouse, office, and support space for light industrial and business uses; Warehouse includes 14‑ft‑high overhead doors (2 shared loading docks) and 10'4"–10'8" interior clear height; Office/support areas include conference room and kitchen area with water hook up for dishwasher, plus 3 private restrooms
