10 River StBatavia, IL 60510

This exceptional mixed-use property, located at 10 N River Street in the heart of downtown Batavia, IL, presents a compelling investment opportunity. The 6,958 square foot building is a historically significant limestone structure that has undergone significant renovations. Over one-third of the building was completely rebuilt to the studs in 2020, ensuring modern functionality while preserving its charm. The property boasts a strong cash flow due to its low vacancy rate and diverse tenant mix. Four residential apartments are included: three two-bedroom units and one one-bedroom unit. Currently, one floor features long-term tenants, while the other floor is utilized for short-term rentals, consistently achieving excellent occupancy rates. The building also includes a storefront restaurant with a rear beer garden and patio seating overlooking a closed-off section of River Street. Recent capital improvements are substantial, including a new roof (2020), new windows (2020), and updated furnaces and AC units (between 2020 and 2024). Three of the four residential units have also been updated. This meticulously maintained building is a cornerstone of Batavia's downtown area and promises continued success for years to come. The property offers value-add potential for future enhancements. The asking price is $1,825,000.