Campana Building | Iconic Mixed Use - Redevelopment
Industrial/Flex | Potential Redevelopment | 131,000 SF on 12.31 AC
Marketing description
Introducing a prime investment/redevelopment opportunity at 901 North Batavia Avenue. This historic landmark building with award-winning architecture is located on the Fox River in Kane County on the border of Geneva and Batavia. The Campana campus resides on a meticulously designed 12.31-acre site. This expansive 131,000 SF industrial/flex space was originally built in 1936 with expansions in 1968, 1969, and 1988. Zoned MU and strategically positioned in the vibrant West Suburbs, this property offers an ideal canvas for industrial, office, and flex space innovation. Adaptive redevelopment to multiple uses including Affordable Senior Housing is desired by the municipality with potential TIF incentives contemplated. The in-place multi-tenant rent roll produces significant NOI with room to expand substantially. This is a once-in-a-lifetime opportunity to breathe new life into an iconic, historically significant, timeless location.
Investment highlights
- 131,000 SF industrial/flex space
- Built in 1936, with expansions in 1968, 1969, and 1988
- Zoned MU
- Historic Landmark
- Prime location in the Western Suburban Chicago market
- Functional open floor plan adaptable for multiple uses
- 18' Clear height poured-in-place concrete construction
- 4 Drive-in Doors
- 9 Docks
- 800 AMP/480V 3p Heavy Power
- 13,000 SF of 3rd floor office
- Passenger elevator and separate freight elevator service all floors
- Parking for 300 Vehicles is expandable to 500+
- Iconic location with 26,300 VPD traffic count
- Multiple potential Municipal Incentives for redevelopment
- Significant in place NOI with tremendous upside opportunity
- New Parking lot Fall 2024
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