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
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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
- Type:
- Condo
- Sq.Ft.:
- 3,100
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1980
- Baths:
- MLS#:
- 11960971
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Courtesy: Summers Commercial Real Estate
630-329-2774
ADDITIONAL INFORMATION
The building has 3 separate units. The building is one of a campus of building owned by different entities. Master association for landscape and snow.The building also has a new roof and gutter system.The building has a new roof and gutters.
$950,000
610 S 1st Street Geneva, IL 60134
- Type:
- Other
- Sq.Ft.:
- 4,700
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1952
- Baths:
- MLS#:
- 11863017
View additional info
Courtesy: RE/MAX Suburban
630-653-1900
ADDITIONAL INFORMATION
Introducing a commercial real estate opportunity located in the heart of Downtown Geneva, IL. This prime property features a spacious 4,700 square foot building that is perfectly suited for investors and owner-users alike. With its strategic location, so close to the Metra station and impressive attributes, this property promises both an excellent investment and a valuable asset for those seeking a prominent presence in this vibrant community. One of the standout features of this property is the private parking available, ensuring convenient access for customers and visitors. Long term tenant secures stability for investors, the property comes with a tenant already in place with a lease agreement spanning the next 18 months. This built-in income stream provides a reassuring level of predictability for potential buyers.
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Geneva Real Estate
The median home value in Geneva, IL is $503,000. This is higher than the county median home value of $236,500. The national median home value is $219,700. The average price of homes sold in Geneva, IL is $503,000. Approximately 78.73% of Geneva homes are owned, compared to 16.85% rented, while 4.42% 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 21,791. Geneva is less family-centric than the surrounding county with 37.49% of the households containing married families with children. The county average for households married with children is 39.24%.
The median household income in Geneva, Illinois is $105,161. The median household income for the surrounding county is $74,862 compared to the national median of $57,652. The median age of people living in Geneva is 43.4 years.
Geneva Weather
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 14.1 degrees. The average rainfall is approximately 37.7 inches per year, with 28.3 inches of snow per year.