SQUARE FEET6,958
MLS#12788874
STATUSNew
PROPERTY TYPECommercial - Business
Property Description
Great Investment Opportunity! 8.6 CAP RATE. In the heart of downtown Batavia, Mixed Use Multi Unit Historical Limestone Building. Remodeled and updated (Over a 1/3 of the building was taken down to studs in 2020) with value ad possibilities remaining! Low Vacancy 4 Residential Apartments, 1 Storefront Restaurant with beer garden in back and patio seating fronting to closed of River Street. CASH FLOW IS STRONG!. Three 2 Bedroom Apartments, One 1 Bedroom Apartment. Currently one floor of apartments are long term tenants, the other short term rentals with excellent occupancy rates. Updates include all 4 Residential units. Roof (2020), Windows (2020), Furnaces and almost all of the AC Units (Between 2020 and 2024). This building is a staple of downtown Batavia and will be for decades to come.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.15 Acres
Stories: 3.0
Taxes: $16,100
Year Built: 1900
Feature Descriptions
Current Use: Commercial
Electric: Service - 201 to 600 Amps
Exterior: Brick, Combination
Fire Protection: Fire Extinguisher/s, Other
HVAC: Forced Air, Gas
Lot Dimensions: 60 X 110
Miscellaneous Indoor: Private Restroom/s, Public Restroom/s, Furnished Units Available
Number of Tenant(s): 5
Parcel#: 1222276003
Tenant Pays: Electricity, Sewer, Varies by Tenant
Units: 5
Listed By / Shown By
Listed By
Agency Name: Keller Williams Inspire
Agency Phone: 630-262-9500
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
10-12 N River Street | MLS# 12788874
This commercial property located at 10-12 N River Street , Batavia, IL 60510 is currently listed for sale with an asking price of $1,775,000. Search Batavia real estate on www.gogambino.com today.