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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Commercial real estate
124 2nd St Geneva, IL 60134-2712
Trust Owned
13-yr Hold
~
Est. High Equity
Property ID
US28-1702202
Property summary
AI-generated overview
This exceptional 8,000 sq. ft. restaurant in historic downtown Geneva, IL (124 S 2nd St, 60134) is available for lease or purchase. Completely rehabbed in 2013 and a recipient of the Mayor's Choice Award, this stunning property boasts unparalleled charm and character. Features include a wrap-around porch, hardwood floors, impressive millwork, two fireplaces, 12' ceilings, and 8' windows. The interior comfortably seats at least 150, with an additional 130 seats available on the fenced brick patio, ideal for events. A separate patio building houses a bar and bathroom. The four levels offer versatile space: the first floor features a bar, two ADA bathrooms, two fireplaces, a commercial kitchen with a black iron system, and a coffee room
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1860
Total area
4,626 SF
Lot
0.41 ac (18,000 SF)
APN
12-03-453-012
UPID
US28-1702202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$860k
Owner & transaction history
Trust 8002361395 · 13 yrs held
Trust 8002361395
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Geneva submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Geneva submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$820,000
Blend value · Realmo final
$860k
Range $774k – $946k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$186 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$23,060
Tax year 2022
Assessed value
$265,356
Assessed 2022
Previous assessed
$255,494
+3.9% YoY
Effective rate
8.69%
On assessed value
Assessed land
$104,162
Assessed improvement
$161,194
Land market value
$312,486
Improvement market value
$483,582
Total market value
$796,068
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1860
Heating
NONE
Cooling
CENTRAL
Stories
2
Rooms
12
Total area
4,626 SF
Lot
0.41 ac (18,000 SF)
APN
12-03-453-012
UPID
US28-1702202
Jurisdiction
KANE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1860
Heating
NONE
Cooling
Yes
Stories
2
Rooms
12
Lot
0.41 ac
Current owner
From public records · entity-resolved
Trust 8002361395
Trust
Mailing address
124 S 2ND ST, GENEVA, IL 60134-2712
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2019
—
Chicago Title Land Trust Company
—
Deed
related
$680,000 · First State Bank
Mar 27, 2013
$390,000
Trust 8002361395
Nottolini John Trust
Grant Deed
related
$100,000 · National Bank & Trust Co
—
—
Chicago Title Land Trust Co
—
Deed Of Trust
related
$874,000 · National Bank & Trust Co
—
—
Trust 8002361395
—
Loan Modification
related
$934,000 · National Bk&tr/sycamore
—
—
Trust 8002361395
—
Deed Of Trust
related
$307,000 · Wessex 504 Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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