Single-Story NNN Commercial
580 S River Street, Batavia, IL 60510
For Sale
$600,000
Under Contract
Commercial Sale, Batavia, IL
Property Size3,600 SF
Lot Size0.57 Acres
Price / SF$166.67
Days on Market52
Property Features for 580 S River Street
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
eXp Realty - Geneva
(630) 262-3720
Listed By:
Thomas Rasmussen
(888) 574-9405
Added: Sep 22
Changed: Sep 30
Last Checked: Nov 12 at 9:06AM
MLS# 12766951
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.
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Investment Insights
Based on property information with market context.
This 3,600 SF single-story commercial building occupies a 0.57-acre lot and was constructed in 1978. The property includes recent office updates and building infrastructure described as well maintained. Its Modified NNN lease remains in place through April 2027, with the tenant responsible for utilities, interior maintenance, and insurance. The landlord retains responsibility for property taxes and major structural components, including the roof and building systems.
The property is located at 580 S River Street in Batavia, Illinois, within the South River Street Gateway corridor. The existing lease and fully occupied status provide a defined operating arrangement, while the building’s commercial configuration supports its current income-producing use. Continued tenancy beyond the current lease term is identified as a possibility in the property information.
The property is located at 580 S River Street in Batavia, Illinois, within the South River Street Gateway corridor. The existing lease and fully occupied status provide a defined operating arrangement, while the building’s commercial configuration supports its current income-producing use. Continued tenancy beyond the current lease term is identified as a possibility in the property information.
Key Highlights
- 3,600 SF single‑story commercial building
- 0.57‑acre lot with a 1978 construction date
- Fully occupied under a Modified NNN lease through April 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,792
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,840
$475.8K
Cap Rate 7%
$339,886
$339.9K
Cap Rate 9%
$264,356
$264.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$38.4K $10.68/SF
− Vacancy
−$1.8K −$0.51/SF
EGI
$36.6K $10.17/SF
− OpEx
−$12.8K −$3.56/SF
NOI
$23.8K $6.61/SF
Area
Kane County, IL
Vacancy
4.80%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,840
Cap Rate 7%
$339,886
Cap Rate 9%
$264,356
Alternative Uses
Best Use
Flex RnD
$339.9K
$297.4K – $396.5K
NOI $23,792 @ 7.0% cap · market cap 3.97%
Second Best
Industrial
$221.4K
$193.7K – $258.3K
NOI $15,497 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$981.6K
$858.9K – $1.15M
NOI $68,715 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied under a Modified NNN lease through April 2027.
Where is this nnn property located?
The property is located at 580 S River Street Batavia, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,600 SF single‑story commercial building; 0.57‑acre lot with a 1978 construction date; Fully occupied under a Modified NNN lease through April 2027
