Flex Space with Dock and Drive-In
For Sale
Contact for pricing
301-501 N Batavia Ave, Batavia, IL 60510
Flex space zoned MU with heavy power, dock-and-drive access, and passenger and freight elevator service.
Property Size131,000 SF
Price / SF$60.31
Days on Market364
Property Features for 301-501 N Batavia Ave
General Information
Standard status
Active
Size
131,000 SF
Total Parking Spaces
300
Property subtype
INDUSTRIAL
Zoning
MU
Warehouse & Industrial
Clear Height
18 ft
Office Build-Out
13,000 SF
Dock-High Doors
9
Drive-In Doors
4
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Year Built
1936
Construction
poured-in-place concrete
Listing Agency:
SVN | Chicago Industrial
(312) 676-1866
Listed By:
David Coupe · License ##471.016180
(847) 812-8414
Source:
Moodyscre
Added: Sep 16, 2025
Changed: Sep 11
Last Checked: Sep 13 at 10:48AM
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 SVN | Chicago Industrial
Investment Insights
Based on property information with market context.
This flex space property provides an adaptable open floor plan with poured-in-place concrete construction and an 18' clear height. Built in 1936 with expansions in 1968, 1969, and 1988, the facility includes 4 drive-in doors and 9 docks to support a range of industrial and light manufacturing uses. Heavy power service is available with 800 AMP/480V 3p service, and the building is served by both a passenger elevator and a separate freight elevator serving all floors. A 13,000 SF third-floor office area can support administrative and operations functions within the same building.
The property is zoned MU and identified as a historic landmark. Parking for 300 vehicles is available and noted as expandable to 500+ spaces. Vehicular access is supported by a traffic count of 26,300 VPD at the location, and a new parking lot was installed in fall 2024.
The property is zoned MU and identified as a historic landmark. Parking for 300 vehicles is available and noted as expandable to 500+ spaces. Vehicular access is supported by a traffic count of 26,300 VPD at the location, and a new parking lot was installed in fall 2024.
Key Highlights
- 18' clear height with poured‑in‑place concrete construction
- 800 AMP/480V 3p heavy power service
- 4 drive‑in doors and 9 docks for flexible loading
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$684,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,694,980
$13.7M
Cap Rate 7%
$9,782,129
$9.8M
Cap Rate 9%
$7,608,322
$7.6M
Market Conditions
NOI Build-Up for 131,000 SF
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.
Gross rent
$848.9K $6.48/SF
− Vacancy
−$43.3K −$0.33/SF
EGI
$805.6K $6.15/SF
− OpEx
−$120.8K −$0.92/SF
NOI
$684.7K $5.23/SF
Area
Kane County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,694,980
Cap Rate 7%
$9,782,129
Cap Rate 9%
$7,608,322
Alternative Uses
Best Use
Flex RnD
$12.37M
$10.82M – $14.43M
NOI $865,751 @ 7.0% cap · market cap 10.96%
Second Best
Warehouse
$9.78M
$8.56M – $11.41M
NOI $684,749 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$45.23M
$39.57M – $52.77M
NOI $3,165,983 @ 7.0% cap · market cap 40.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
9
Dock-high doors
4
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60510, IL
28,156
Population
11,234
Households
2.5
Avg Household Size
42
Median Age
56%
College-Educated
97%
High-School Grad
24.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$120,925
Median Household Income
$57,884
Median Earnings
$1,285
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- North Island Catering — 32 North Island Avenue, 3516 US Highway 34, Batavia, IL 60510
Frequently Asked Questions
What type of property is this?
Flex space - Flex space zoned MU with heavy power, dock-and-drive access, and passenger and freight elevator service.
Where is this flex space located?
The property is located at 301-501 N Batavia Ave Batavia, IL.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 18' clear height with poured‑in‑place concrete construction; 800 AMP/480V 3p heavy power service; 4 drive‑in doors and 9 docks for flexible loading
