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    1340 Reed Rd Geneva, IL

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    For Sale
    Contact for pricing

    Rare freestanding property ideal for owner/user with future growth potential.

    Property size:
    27,500 SF
    Lot size:
    1.59 Acres

    Property Features for 1340 Reed Rd

    General Information

    Size
    27,500 SF
    Lot size
    1.59 Acres

    Source: NAI Hiffman | Oakbrook Terrace Agent Jack Brennan

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

    Overview

    Freestanding Industrial Property For Sale

    This freestanding property features multiple buildings, offering flexibility for income generation through an ancillary building. It is ideally suited for an owner/user seeking control over future growth. The property features clear span construction and adequate loading capabilities. The mezzanine above the office space is not included in the total square footage. There is an opportunity for outdoor storage. Real estate taxes are $22,014, which equates to $0.80 per square foot, based on the 2019 payable 2020 assessment. The property encompasses a total area of 27,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    Public Storage, Lineage

    Map

    City
    Geneva
    County
    Kane
    State
    Illinois
    Longitude
    -88.3053525
    Latitude
    41.8875281

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    FAQs

    What type of property is this?
    Warehouse - Rare freestanding property ideal for owner/user with future growth potential.
    Where is this warehouse located?
    The property is located at 1340 Reed Rd Geneva, IL.
    What are key features of this property?
    This property features: - Rare freestanding multiple building property.; - Flexibility to generate income with ancillary building.; - Ideal for owner/user looking to control future growth.
    (630) 932-1234
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    Geneva, IL
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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
    1340 Reed Rd Geneva, IL
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