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Owner-User or Investment Retail Building

Owner-User or Investment Retail Building Owner-User or Investment Retail Building Owner-User or Investment Retail Building Owner-User or Investment Retail Building Owner-User or Investment Retail Building Owner-User or Investment Retail Building Owner-User or Investment Retail Building

Property Overview

Price/Rent PSF $ 1,000,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available Inquire
Date Available 10/14/2021
Additional URL Link
Floors 1
Building size 3960
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Description

Location
Downtown Geneva IL is one of the principal retail destinations in the region. State St (IL Rt 38) is a primary east-west corridor and the main street through town. The property is located just 2 blocks west of the Fox River bridge and 1/2 block east of Third St, a major element of the downtown retail area. Surrounded by shops, restaurants, office uses, etc. Traffic Counts (IDOT): 23,800 VPD. Population (5 mi): 130,182. Avg household income (5 mi): $108,247.




Sale
Single-story retail building located in the heart of downtown Geneva. One space was recently leased to a high-end optical products shop due to open by year end. The other space is available for an owner-user or to lease. If fully leased at market rents, the property would be at approximately an 8% cap rate.


This well-built, 1925 commercial building features a brick facade and prominent display windows. The two 1,980 sf shop spaces feature large front showrooms, newer hardwood floors and 12 ft-high original tin ceilings. Basement space provides additional storage. Rear entrances at alley for deliveries. Est. operating expenses $7.15/sf. 2020 Taxes: $17,347

Location (Click here to view the location on the map.)
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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