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    201 Main St Genoa, IL 60135

    Sponsored
    For Sale
    $399,000

    Prime Genoa retail space with apartments.

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This meticulously renovated 4,000 square foot commercial building at 201 W Main Street, Genoa, IL, presents a unique investment opportunity. The property boasts brand new electrical, plumbing, drywall, trim, and fixtures throughout. The first floor offers approximately 1,500 square feet of versatile office/retail space, perfect for a variety of businesses. A convenient bathroom, a finished basement providing ample storage, and an attached garage are also included. Currently generating income, the second floor comprises two completely renovated, two-bedroom apartments, each renting for $1250 per month on a one-year lease. Both apartments feature updated interiors and share a convenient in-unit washer and dryer. All units are separately metered for efficient utility management. The building benefits from convenient street parking and proximity to a city parking lot across the street. This turnkey property offers a blend of commercial and residential income streams, making it an attractive investment in the thriving Genoa market. The asking price is $399,000.

    Property Features for 201 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    4,000 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Genoa
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.69347
    Latitude
    42.0976

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - Prime Genoa retail space with apartments.
    Where is this retail property located?
    The property is located at 201 Main St Genoa, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    (779) 382-0400
    Request Owner's contact information
    201 Main St Genoa, IL 60135
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    Genoa, IL 60135
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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
    201 Main St Genoa, IL 60135
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