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    124 2Nd St Geneva, IL 60134

    Sponsored
    For Sale
    $3,900,000

    Turnkey Restaurant/Event Space, 8,000 sq ft

    Property size:
    8,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This stunning, completely remodeled (2013) four-story building at 124 S 2nd Street in Geneva, IL, presents a unique investment opportunity. Boasting 8,000 square feet of space, this property is ideally suited for a restaurant or event venue, and is ready for immediate operation. The sale includes all existing equipment (excluding the ice machine and dishwasher), such as tables, chairs, coolers, bar, bar stools, and silverware. The building features high-end finishes including two fireplaces, wrap-around porches, hardwood floors, 12-foot ceilings, and 8-foot windows providing exceptional natural light. The interior comfortably accommodates approximately 150 guests, with an additional 120 seats available on the brick-fenced patio, which includes a separate building with a bathroom and bar. Additional features include a large storage room, a separate liquor room, three bathrooms, three furnaces, a 400-amp electrical service, three AC units, and a boiler. All electrical and plumbing systems have been completely updated, including a 4-inch main water line. The entire building is equipped with a sprinkler system. The property's prime location on a double corner lot offers exceptional visibility and is within walking distance of the popular Third Street shopping district. This is a rare chance to acquire a fully equipped, historically significant building in a thriving downtown location.

    Property Features for 124 2Nd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,000 SF

    Building Details

    Year Built
    1860
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.30737
    Latitude
    41.88602

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Restaurant/Event Space, 8,000 sq ft
    Where is this commercial real estate located?
    The property is located at 124 2Nd St Geneva, IL.
    What is the asking price?
    The asking price for this property is $3,900,000.
    (630) 377-2336
    Request Owner's contact information
    124 2Nd St Geneva, IL 60134
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    Geneva, IL 60134
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    Realmo Value Estimation

    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.

    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.

    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
    124 2Nd St Geneva, IL 60134
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