Batavia, IL 60510 580 S River Street
$675,000



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Presented By: Compass
Home Details
Prime investment opportunity in Batavia's thriving industrial corridor. This 3,600 SF single-story commercial building sits on a 0.57-acre lot with flexible LI-Light Industrial zoning, allowing for various commercial and industrial uses. Fully occupied under a Modified NNN lease through April 2027, the property provides a stable income stream with minimal landlord responsibilities. The tenant covers utilities, interior maintenance, and insurance, while the landlord is responsible for property taxes and major structural components, including the roof and building systems. Located within the South River Street Gateway corridor, this property benefits from high demand and visibility, making it an attractive asset for investors seeking a low-maintenance, income-generating property. With recent updates to the office space and reliable building infrastructure, this property is primed for long-term value retention and tenant satisfaction. The current lease structure offers the potential for continued tenancy post-2027, adding further investment security. This is an ideal opportunity for investors looking for a stable asset in a growing commercial area with easy accessibility and versatile use potential.
Presented By: Compass
General for 580 S River Street
Additional Parcels Y/NNo
Cap Rate4.73
CityBatavia
Construction MaterialsSteel Siding, Aluminum Siding, Brick
CoolingOffice Only, Small Duct High Velocity
CountyKane
Current UseCommercial
DirectionsFrom E Wilson, Head South on River Street
ElectricCircuit Breakers
Gross Income48000
Leasable Area3600
Lease TypeModified Gross
Lot Size Square Feet24891
MLS AreaBatavia
ModificationTimestamp2025-05-20T05:07:04.164Z
Net Operating Income31912
Number Of Units Total1
Operating Expense16088
Property TypeCommercial Sale
Property TypeIndustrial
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount10474
Tax Year2023
Tenant PaysElectricity, Heat, Insurance, Scavenger
TownshipBatavia
Virtual TourClick here
Year Built1978
ZoningINDUS
Exterior for 580 S River Street
Building Area Total3600
Foundation DetailsConcrete Perimeter
Lot Dimensions102X242X103X238
Lot Size Acres0.57
Additional Details
Price History
