30 S Shumway Ave - Office/Residential FOR SALE


Batavia, IL 60510
$1,500,000 USD
630-377-1700
30 S Shumway Ave, Batavia, IL for Sale
$1,500,000 USD
Office/Residential - FOR SALE
1/65
null | 10.69% Cap Rate

30 S Shumway Ave
Batavia, IL 60510


HIGHLIGHTS

  • Stunning interior stone and woodwork
  • River views from all east-facing windows
  • Located in the heart of downtown Batavia

OVERVIEW

ONE-OF-A-KIND 15,000 + sf of historic riverfront property in the heart of vibrant downtown Batavia. This stunning, well-maintained building is perfect for the owner/user who wants additional tenant income, or the value-add investor. So many approved potential uses here with DMU zoning: restaurant, event, office, medical, retail, partial residential -- or a mix! Set in a highly trafficked downtown location surrounded by residential, 30 S Shumway is the most beautiful and unique building in the area with tons of exposed local limestone, large windows overlooking the Fox River, and elegant Honduran mahogany beams and woodwork. The current longtime owner/occupant took this building down to its stone shell, rebuilt it with prime craftsmanship, and has babied it ever since. Please note the courtyard north of the building, and the potential for a large rooftop deck above the south single-story section. There's ample parking on the frontage, in the municipal spaces in the lot across Shumway and the lot to the south, and on Wilson Ave for a total of 75+ spaces. Equipped with an elevator servicing all three levels and a full sprinkler system, 30 S Shumway is move-in ready. Current owner has not sought occupancy or renewed leases in anticipation of sale. Photos and video are only a partial representation of this stunning building. Multiple office, meeting rooms, kitchenettes, and bathrooms not shown. Outdoor seating in north courtyard, and potential for seating in rear land area owned by City of Batavia (approval required). Rooftop seating potential. All current tenants on MTM or ST lease for potential buyer who has a new vision or desires to re-tenant. Current tenants willing to stay. 75+ parking spaces in close proximity to bldg. New buyer will purchase with confidence in the building's location and integrity!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

10.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,542 SF

ZONING

DMU

APN/PARCEL ID

12-22-257-008

ASK ABOUT THIS PROPERTY

Jim Barcelona@properties CommercialMore Info
630-377-1700

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Jim Barcelona@properties CommercialMore Info
630-377-1700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.