Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    322 Hamilton St Geneva, IL 60134

    Sponsored
    For Sale
    Under Contract
    $750,000

    COMMERCIAL - Geneva, IL

    Lot size:
    0.17 Acres
    Days on Market:
    69
    Last Refresh:
    Jan 21 at 12:06 am

    Property Features for 322 Hamilton St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    1203410002
    Lot size
    0.17 Acres

    Utilities

    Cooling system
    Window Unit(s), Central Air

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    3

    We can help!

    Listing Contact
    Laura Basil

    Keller Williams Inspire (630) 377-6200 [email protected]

    Listing agent Laura Basil (630) 640-6999

    Listing date Nov 14, 2025

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Geneva Mixed-Use Investment

    Located in downtown Geneva, this mixed-use property offers a versatile business opportunity. The building includes a 2,200 sq. ft. retail unit with a storefront on 4th Street, suitable for a boutique or high-traffic shop. An additional 1,800 sq. ft. commercial space provides flexible potential for a medical office, professional services, or another retail venture. A two-bedroom apartment is located upstairs on Hamilton, offering an opportunity for an owner-operator to live where they work or generate rental income. The property is situated on a 0.17-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Kane
    State
    Illinois
    Longitude
    -88.3086482
    Latitude
    41.888903

    Nearby Similar for Sale

    • $350,000
      0.27 Acres

      Geneva Office Building For Sale

      2700 sq ft office building near downtown Geneva.
      422 E State St, Geneva, IL 60134
      View Details
    • Contact for pricing
      504,900 SF

      Geneva Industrial Development Opportunity

      Class A industrial development with build-to-suit opportunities in Geneva, IL.
      Kautz Rd & Geneva Rd, Geneva, IL
      View Details
    • Contact for pricing
      7,550 SF

      Geneva Office Space For Sale

      One-story office building with flexible layout options and planned amenities.
      611 E State St, Geneva, IL 60134
      View Details
    • Contact for pricing
      41,614 SF

      Randall Road Retail Center

      Retail and medical space available in high-traffic Geneva location.
      1772-1792 S Randall Rd, Geneva, IL 60134
      View Details
    • Contact for pricing
      15,720 SF

      Downtown Geneva Retail Space Available

      1,334 SF retail space with display windows and basement.
      314 W State St, Geneva, IL 60134
      View Details
    • Contact for pricing
      11,440 SF

      Downtown Geneva Economical Office Suites

      Economical office suites in the heart of downtown Geneva.
      324 W State St, Geneva, IL 60134
      View Details
    • Contact for pricing
      5,600 SF

      Prime Retail Outlot Opportunity

      1.63 acre outlot in a busy retail center.
      902 Commons Dr, Geneva, IL 60134
      View Details
    • $349,000

      Updated Townhome in Sterling Manor

      Updated townhome with new features, close to parks and schools.
      2927 Caldwell Ln, Geneva, IL 60134
      View Details
    • Contact for pricing
      27,500 SF

      Freestanding Multi-Building Property For Sale

      Freestanding property with income potential, near I-88 and I-355.
      1340 Reed Rd, Geneva, IL 60134
      View Details
    • Contact for pricing
      27,500 SF

      Freestanding Industrial Property For Sale

      Rare freestanding property ideal for owner/user with future growth potential.
      1340 Reed Rd, Geneva, IL
      View Details
    • Contact for pricing
      719,200 SF

      719,200 SF Industrial Facility

      719,200 SF industrial facility with immediate I-88 access.
      2093 S Kirk Rd, Geneva, IL 60134
      View Details
    • $1,185,000
      12,112 SF

      Stand Alone Office Building

      12,112 SF office building on 0.9 acres.
      1551 E Fabyan Pkwy, Geneva, IL 60134
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in downtown Geneva with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 322 Hamilton St Geneva, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime downtown Geneva location at the corner of 4th Street and Hamilton.; - Mixed-use property offering versatile business and residential opportunities.; - Spacious 2,200 sq. ft. retail unit with prominent storefront on 4th Street.
    (630) 640-6999
    Request Owner's contact information
    322 Hamilton St Geneva, IL 60134
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    322 Hamilton St
    Geneva, IL 60134
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    322 Hamilton St Geneva, IL 60134
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Laura Basil
    Real Estate License ID: 475204586
    (630) 640-6999
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.