131 Batavia Ave Batavia, IL 60510-2450

Property Details for 131 Batavia Ave

Year built

1997

Lot size

0.08 lot acres

Property size

1,320 SF

Property type

Commercial real estate

APN

12-22-182-028

APU

1222182028

Description

This exceptional investment opportunity presents a well-established, highly profitable pizzeria and building in Batavia, IL. Located at 131 S Batavia Ave, this 3,360 square foot, Class B building boasts a 100% occupancy rate and a current NOI of $65,000, representing an 8.39% cap rate. The pro-forma NOI is projected at $123,000, indicating a potential 15.87% cap rate with increased management involvement. Built in 1997, the single-story building sits on a commercially zoned lot (COMM). The asking price is $775,000, translating to $230.65 per square foot. This turnkey operation offers a strong community presence and a loyal customer base, built over many years of successful operation. The property's prime location on a bustling main street ensures high visibility and consistent foot and vehicular traffic. This rare offering combines the benefits of a successful business with the security of real estate ownership, presenting a compelling opportunity for immediate cash flow and long-term value growth. The property's fee simple ownership provides complete control and potential for future expansion or development. This is an ideal investment for both experienced investors and aspiring entrepreneurs seeking a proven business model with significant upside potential.