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131 Batavia Ave Batavia, IL 60510-2450

OFF-MARKET Commercial real estate Google Maps
1,320 SF 0.08 ac lot Built 1997
Entity Owned 20-yr Hold ~ Est. High Equity
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US28-1798125

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1997
Total area 1,320 SF
Lot 0.08 ac (3,360 SF)
APN 12-22-182-028
UPID US28-1798125

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2006
3 recorded transactions
2023
Price N/A
2006
$550,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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