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$2,250,000
24,113
square ft

8-28 S Van Buren Street
Batavia, Illinois 60510

Closed / MLS #12128548 / Retail Store / Batavia
Listing information updated 7/31/2025 at 8:43pm
Introducing a prime investment opportunity in downtown Batavia IL. This grocery anchored retail center is a 7% cap rate at the list price. The majority of the 7 fully occupied units are long term tenants. The center is strategically located to provide essential services to a high density residential demographic. This contributes to the success of the tenants and is reflected in the long term tenancies. Below market rents provide a tremendous value add opportunity for new ownership. The Berkeley Finer Foods lease expires May 2025 providing an opportunity for possible lease renegotiation, owner user concepts or redevelopment. It also provides an opportunity to capture higher rents for potential uses such as brewpub, daycare, restaurant etc enhancing future value of the center significantly. Recent improvements to the building include replacement of rooftop units and parking lot resurfacing. Take advantage of this established, lucrative retail center investment in an affluent area, offering a secure and promising addition to your portfolio
Built:
1989
Cooling System:
Central Air
Stories:
1
Building Square Feet:
24,113
Current Net Income:
$157,322
Tax Amount:
$47,108
Tax Year:
2023
Zip Code:
60510
City:
Batavia
County:
Kane

Listing Office: Coldwell Banker Commercial Real Estate Group

Listing Office Phone: 630.844.2222

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/31/2025 at 8:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Batavia

Batavia, IL

Batavia is a quintessential all-American city. Featured on the cover of the Saturday Evening Post in 1958, it was once the center of transportation, energy, and industry. Founded in 1833, Batavia is the oldest city in Kane County. It manufactured windmills that powered agriculture and wagons and hel...
$478,467
Average Sale Price
32
Average Days On The Market
101%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 8-28 S Van Buren Street, Batavia, IL 60510
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8-28 S Van Buren Street, Batavia, IL 60510 is a retail store which sold for $2,250,000. This retail store has been listed on @properties Christie's International Real Estate since August 2nd, 2024 and was built in 1989.

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