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    SWC Fabyan Pkwy & Branson Drive

    Batavia, IL 60510
    • $4,145,000
    • STATUS: Active
    • ON SITE: 261 days
    • MLS #: 10800702
    UPDATED: 122 min ago
    $4,145,000
    • 0
      BEDS
    • 12.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Farm
    County:
    Area:

    School Ratings & Info

    School District:
    304

    Description

    SHOVEL READY LAND FOR SALE - 2 DEVELOPMENT LAND PARCELS - 12+ ACRES TOTAL- 2 CORNERS... MAIN 7.7-acre PARCEL WITH SIGNALIZED INTERSECTION AND A 4.17 CORNER PARCEL ACROSS THE STREET. Perfectly located commercial and/or residential development parcels, adjacent to existing medical office buildings, the soon to be completed 146-unit The Landings (an independent living, assisted living and memory care facility by Dial) set for 2021 occupancy along with the recently completed 80-unit Windmill Manor Senior Living Center which is full with a waiting list. This mixed-use area of newer business properties is just a click west of the Randall Road Corridor, where national, regional and local businesses are located including Wal-Mart, Menard's, Home Depot, Target, Jewel-Osco, Ace Hardware, Office Max, Hobby Lobby, Aldi, Trader Joe's, Starbucks, Chipotle, McDonald's, Ashley Home Store... and 100s of banks, restaurants and other small businesses. Development notes: In checking with the city of Batavia, we confirmed the zoning is CC for community commercial. CC permits small to medium-scale retail, office, service and entertainment uses under 25,000 square feet per user or standalone building. A spokesperson for the did state, however, said they would also be receptive to alternative uses similar to the PUD developments to the east, specifically The Landings and Windmill Manor, both senior-related residential projects. Townhomes or condominium uses would also be considered and possibly neighborhood retail along Fabyan Parkway. All the properties along Branson and Hawks Drives benefit from the in-place Braeburn Marsh water management system thus on-site storm water is not required, only conveyances. Batavia will ask for a 35-foot dedication along Fabyan Parkway to match pre-existing dedications to the east which will erode the 7.726-acre parcel by a little less than 1/2 acre. The 4.17-acre parcel will be required to dedicate an additional 10-feet along Hawks Drive, again to match Hawks Drive to the east, which will take a little less than 6,000 sf off the parcel. Sidewalks and street lighting will be required on both parcels. If residential uses are considered, land-cash contribution ordinances will be required and while an age-restricted project may get some relief from the taxing bodies, age-targeted most likely will not. There are no known recapture fees that we are aware of at this time. The 20-year old existing annexation agreement expires, we believe, this November. We will update our research and amend this information in the near term.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-04-17T23:52:28.073 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    SWC Fabyan Pkwy & Branson Drive Batavia, IL 60510

    • Price: $4,145,000
    • Status: Active
    • Updated: 122 min ago
    • MLS #: 10800702
    0
    Beds
    0
    Baths
    0
    ½ Baths
    12.36
    Acres
    Neighborhood:
    Batavia
    County:
    Kane
    Area:
    Batavia
    School District:
    304
    Property Description
    SHOVEL READY LAND FOR SALE - 2 DEVELOPMENT LAND PARCELS - 12+ ACRES TOTAL- 2 CORNERS... MAIN 7.7-acre PARCEL WITH SIGNALIZED INTERSECTION AND A 4.17 CORNER PARCEL ACROSS THE STREET. Perfectly located commercial and/or residential development parcels, adjacent to existing medical office buildings, the soon to be completed 146-unit The Landings (an independent living, assisted living and memory care facility by Dial) set for 2021 occupancy along with the recently completed 80-unit Windmill Manor Senior Living Center which is full with a waiting list. This mixed-use area of newer business properties is just a click west of the Randall Road Corridor, where national, regional and local businesses are located including Wal-Mart, Menard's, Home Depot, Target, Jewel-Osco, Ace Hardware, Office Max, Hobby Lobby, Aldi, Trader Joe's, Starbucks, Chipotle, McDonald's, Ashley Home Store... and 100s of banks, restaurants and other small businesses. Development notes: In checking with the city of Batavia, we confirmed the zoning is CC for community commercial. CC permits small to medium-scale retail, office, service and entertainment uses under 25,000 square feet per user or standalone building. A spokesperson for the did state, however, said they would also be receptive to alternative uses similar to the PUD developments to the east, specifically The Landings and Windmill Manor, both senior-related residential projects. Townhomes or condominium uses would also be considered and possibly neighborhood retail along Fabyan Parkway. All the properties along Branson and Hawks Drives benefit from the in-place Braeburn Marsh water management system thus on-site storm water is not required, only conveyances. Batavia will ask for a 35-foot dedication along Fabyan Parkway to match pre-existing dedications to the east which will erode the 7.726-acre parcel by a little less than 1/2 acre. The 4.17-acre parcel will be required to dedicate an additional 10-feet along Hawks Drive, again to match Hawks Drive to the east, which will take a little less than 6,000 sf off the parcel. Sidewalks and street lighting will be required on both parcels. If residential uses are considered, land-cash contribution ordinances will be required and while an age-restricted project may get some relief from the taxing bodies, age-targeted most likely will not. There are no known recapture fees that we are aware of at this time. The 20-year old existing annexation agreement expires, we believe, this November. We will update our research and amend this information in the near term.
    Exterior Features

    Frontage Length 580 Frontage Type County RoadPublic RoadSignal Intersection Number Of Cars 0 Road Surface Type Asphalt Waterfront YN No

    Interior Features

    Basement Bathrooms YN No

    Property Features

    Additional Parcels YN No Backup Package YN No Buildings On Land YN No Corporate Limits Batavia Current Use Agricultural Farm Yes Farms Type Grain General Information None Location Commercial Business ParkMixed Use Area Lot Size 10.0-24.99 Acres Lot Size Dimensions 579.67 X 775.26 X 344.19 X 820.0 Possible Use CommercialDevelopmentMulti-FamilySpecial Use Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 232.44 Tax Year 2019 Total Listed Lots Avail 2 Utilities Electric To SiteGas To SiteSanitary SewerWater-MunicipalWater To Site Zoning Other

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coleman Land Company.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-04-17T23:52:28.073 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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