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30 S Shumway Ave

15,000 SF Vacant Office Building Batavia, IL 60510 $2,126,205 CAD ($142 CAD/SF) 10.69% Cap Rate

Investment Highlights

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

Executive Summary

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!

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $315,146 $21.01
Other Income - -
Vacancy Loss - -
Effective Gross Income $315,146 $21.01
Taxes $2,448 $0.16
Operating Expenses $42,032 $2.80
Total Expenses $44,480 $2.97
Net Operating Income $270,666 $18.04

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $315,146
Annual Per SF $21.01
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $315,146
Annual Per SF $21.01
Taxes (CAD)
Annual $2,448
Annual Per SF $0.16
Operating Expenses (CAD)
Annual $42,032
Annual Per SF $2.80
Total Expenses (CAD)
Annual $44,480
Annual Per SF $2.97
Net Operating Income (CAD)
Annual $270,666
Annual Per SF $18.04

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1870/1993
Price
$2,126,205 CAD
Price Per SF
$142 CAD
Cap Rate
10.69%
NOI
$227,220 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,500 SF
Slab To Slab
9’
Building FAR
0.97
Land Acres
0.36 AC
Zoning
DMU - Downtown mixed use
Parking
7 Spaces (0.47 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Courtyard
  • Waterfront
  • Kitchen
  • Reception
  • Roof Terrace
  • Common Parts WC Facilities
  • High Ceilings
  • Natural Light
  • Open-Plan
  • Partitioned Offices
  • Outdoor Seating
  • Air Conditioning
  • Balcony
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-22-257-008
Land Assessment
$47,195 CAD (2023)
Improvements Assessment
$255,739 CAD (2023)
Total Assessment
$302,934 CAD (2023)
Annual Taxes
$2,448 CAD ($0.16 CAD/SF)
Tax Year
2024
  • Listing ID: 27851598

  • Date on Market: 2023-02-28

  • Last Updated:

  • Address: 30 S Shumway Ave, Batavia, IL 60510

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