Geneva IL Commercial for Sale
$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 $502,000. 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 $502,000. 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.