Flex Space with Dock and Drive-In
For Sale
Contact for pricing
301-501 N Batavia Avenue, 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 Market318
Property Features for 301-501 N Batavia Avenue
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
(847) 812-8414
Listed By:
David Coupe · License #471016180
(847) 812-8414
Source:
Moodyscre
Added: Sep 16, 2025
Changed: Jul 30
Last Checked: Jul 30 at 11:17AM
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 For Warehouse
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 | $848.9k | $6.48 |
| − Vacancy | −$43.3k | −$0.33 |
| EGI | $805.6k | $6.15 |
| − OpEx | −$120.8k | −$0.92 |
| NOI | $684.7k | $5.23 |
131,000 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
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
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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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 Avenue 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
