Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1409-1489 E State St Geneva, IL 60134

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Neighborhood retail center with excellent visibility and access.

    Property size:
    2,650 SF
    Lot size:
    1.14 Acres

    Property Features for 1409-1489 E State St

    General Information

    Size
    2,650 SF
    Lot size
    1.14 Acres

    We can help!

    Listing Contact
    Randy Kotwica
    Randy Kotwica
    Source: Moodyscre

    Listing Agent: Randy Kotwica

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Center in Geneva

    This neighborhood retail center offers excellent visibility and access from both Kirk Road and Route 38. The property is located approximately 1.5 miles from downtown Geneva and features numerous long-term tenants. The property size is 2650 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -88.2787546
    Latitude
    41.8869211

    Nearby Similar for Lease

    • Contact for pricing

      Historic Office Space in Geneva

      Office space for lease in historic downtown Geneva building.
      215 Fulton St, Geneva, IL 60134
      View Details
    • Contact for pricing

      Geneva Office Space For Rent

      Second-floor office space near Kane County buildings and courthouse.
      610 S 3Rd St, Geneva, IL 60134
      View Details
    • Contact for pricing

      Downtown Geneva Office Suite

      Spacious office suite in the heart of downtown Geneva.
      315 James St, Geneva, IL 60134
      View Details
    • Contact for pricing

      Downtown Geneva Office Space Available

      Recently rehabbed office space in a prime downtown location.
      321 James St, Geneva, IL 60134
      View Details
    • $2,000 /Mo
      5,372 SF

      Retail/Office Space in Geneva

      Newly renovated retail/office space with high visibility and parking.
      830 E State St, Geneva, IL 60134
      View Details
    • $1,400 /Mo
      834 SF

      Geneva Office Space for Rent

      Office space in historic building with river views and parking.
      24-26 N Bennett St, Geneva, IL 60134
      View Details
    • Contact for pricing

      Retail Space in Geneva, IL

      Retail spaces for lease suitable for various uses.
      705 E State St, Geneva, IL 60134
      View Details
    • $7 SF/Yr
      23,265 SF

      Geneva Commercial Space for Lease

      Downtown Geneva Office & Retail
      524 State St, Geneva, IL 60134
      View Details
    • $20 SF/Yr
      261 SF

      Downtown Geneva Corner Office Suite

      Prominent corner location with elevator access and private parking.
      524-528 W State St, Geneva, IL 60134
      View Details
    • Contact for pricing
      14,016 SF

      Premier Retail and Restaurant Space

      Retail and restaurant spaces available in Geneva Commons.
      102-116 Commons Dr, Geneva, IL 60134
      View Details
    • Contact for pricing
      35,350 SF

      Geneva Retail Center Space Available

      Dominant shopping center anchored by The Fresh Market.
      702-718 Commons Dr, Geneva, IL 60134
      View Details
    • $23 SF/Yr
      10,430 SF

      Geneva Medical Office Space

      Modern Offices near Delnor Hospital
      2800 Keslinger Rd, Geneva, IL 60134
      View Details

    FAQs

    What type of property is this?
    Shopping center - Neighborhood retail center with excellent visibility and access.
    Where is this shopping center located?
    The property is located at 1409-1489 E State St Geneva, IL.
    What are key features of this property?
    This property features: - Excellent visibility due to neighborhood retail center location.; - Access to site from both Kirk Road and Route 38.; - Numerous long-term tenants.
    (630) 472-1010
    Request Owner's contact information
    1409-1489 E State 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.
    1409-1489 E State 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
    1409-1489 E State 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
    Randy Kotwica
    Randy Kotwica
    (630) 472-1010
    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.