Geneva IL Commercial for Sale
- Type:
- Condo
- Sq.Ft.:
- 3,120
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1980
- Baths:
- MLS#:
- 12221830
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Courtesy: Real Broker, LLC
217-960-8605
ADDITIONAL INFORMATION
POSITIVE CASH FLOW INVESTMENT PROPERTY!!! Come in today and see this fantastic 3 unit commercial building just down the street from the historic downtown Geneva business center This property hosts 3 separate rentable commercial units. Each unit includes 3 spacious individual private office rooms, several waiting areas, in-unit kitchenettes, and updated powder rooms/half baths. AC, Furnace, & water heater are in working order for all 3 units. Nearly fully rented with long term tenants, and actively producing positive cash flow for its owner. This property is currently generating $36,600 per year with the potential to bring in $49,200 at the current rented rates. Each unit is approximately 1040 sqft and is in an ideal location to start a new business or open a new office.
$685,000
223 E State Street Geneva, IL 60134
- Type:
- Mixed Use
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1899
- Baths:
- MLS#:
- 12212346
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Courtesy: Coldwell Banker Realty
630-377-1771
ADDITIONAL INFORMATION
Prime opportunity for your business! This commercial property, conveniently located off Route 38, offers excellent accessibility and visibility with dual entry points, with one entrance on Route 38 and the other on Garfield St. The spacious building features a versatile layout, including 9 individual offices, a spacious conference room, a dedicated training room, and 2 break areas. The property boasts 20 lined parking spaces, 1 ADA-compliant spot, and additional space for expanded parking. A 2-car attached garage provides valuable storage or operational flexibility. This property is ready to support your vision-Real Estate Brokerage, Art Gallery, Florist, Law Office and Accounting firm just to name a few options! Located only one mile away from the Geneva Metra Station making travel to and from the city a breeze! Recent updates include a new roof and gutters (2020), stained porches (2022), exterior paint (2019), and replacement of 2 furnaces and AC units (2008) and more! Ensuring a well-maintained and efficient space, perfect for a variety of business or occupancy needs, this property is ready to support your vision!
$2,150,000
426 S 3rd Street Unit 1-2 Geneva, IL 60134
- Type:
- Other
- Sq.Ft.:
- 10,555
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1989
- Baths:
- MLS#:
- 12107851
View additional info
Courtesy: GC Realty and Development
630-587-7400
ADDITIONAL INFORMATION
An exceptional investment opportunity. Current cap rate of 8.03% and a 10-year IRR of 15.94%. Fully leased with long-term, stable tenants, 3 of 4 on Absolute NNN terms all with 3% annual rent escalations. Steady income guaranteed. The strategic location within the thriving Chicago-Naperville-Elgin Metropolitan Statistical Area, combined with potential rental increases and market growth, positions this property for substantial value appreciation and robust returns for investors. Multiple PIN Numbers: 12-10-202-009 / 12-10-202-010
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Geneva Real Estate
The median home value in Geneva, IL is $490,000. This is higher than the county median home value of $310,200. The national median home value is $338,100. The average price of homes sold in Geneva, IL is $490,000. Approximately 81.5% of Geneva homes are owned, compared to 14.86% rented, while 3.64% are vacant. Geneva real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Geneva real estate agent to arrange a tour today!
Geneva, Illinois has a population of 21,472. Geneva is more family-centric than the surrounding county with 37.46% of the households containing married families with children. The county average for households married with children is 36.28%.
The median household income in Geneva, Illinois is $126,759. The median household income for the surrounding county is $88,935 compared to the national median of $69,021. The median age of people living in Geneva is 40.7 years.
Geneva Weather
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 37.7 inches per year, with 30 inches of snow per year.