Historic Corner Office
28 S 5th Street Geneva, IL 60134
For Sale
$675,000
Historic corner building in Geneva currently configured for office use with a detached 2-car garage.
Property Size2,244 SF
Price / SF$300.80
Days on Market9
Property Features for 28 S 5th Street
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Commercial
Building Details
Year Built
1890
Listing Agency:
Premier Living Properties
(630) 377-1646
Listed By:
Tamara O'Connor · License #475110537
(630) 377-1646
Source:
Birdrealtysells
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 28 at 6:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Living Properties
Investment Insights
Based on property information with market context.
This historic corner property is currently configured for office use and offers a flexible interior layout with multiple offices, gathering spaces, and private rooms. The building also includes a detached 2-car garage.
Located on the prominent corner of Fifth and James Street in downtown Geneva, the property benefits from a highly visible location and convenient access to nearby shopping, dining, the Metra station, and the riverwalk.
With its office configuration and adaptable room layout, the property may be suitable for a range of live-work or business-from-home concepts, and it has been described as potentially convertible to a single-family residence.
Located on the prominent corner of Fifth and James Street in downtown Geneva, the property benefits from a highly visible location and convenient access to nearby shopping, dining, the Metra station, and the riverwalk.
With its office configuration and adaptable room layout, the property may be suitable for a range of live-work or business-from-home concepts, and it has been described as potentially convertible to a single-family residence.
Key Highlights
- Historic building built in 1890 on a prominent downtown corner of Fifth and James Street in Geneva
- Approximately 2,244 SF, currently configured for office use with multiple offices, gathering spaces, and private rooms
- Flexible layout that could be deconverted and transformed back into a single‑family residence (per listing remarks)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.9k | $24.48 |
| − Vacancy | −$13.7k | −$6.10 |
| EGI | $41.3k | $18.38 |
| − OpEx | −$10.3k | −$4.60 |
| NOI | $30.9k | $13.79 |
2,244 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$442.0K
$386.8K – $515.7K
NOI $30,941 @ 7.0% cap · market cap 4.58%
Second Best
Mixed Use
$398.1K
$348.4K – $464.5K
NOI $27,870 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$774.8K
$677.9K – $903.9K
NOI $54,233 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Historic corner building in Geneva currently configured for office use with a detached 2-car garage.
Where is this live-work space located?
The property is located at 28 S 5th Street Geneva, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Historic building built in 1890 on a prominent downtown corner of Fifth and James Street in Geneva; Approximately 2,244 SF, currently configured for office use with multiple offices, gathering spaces, and private rooms; Flexible layout that could be deconverted and transformed back into a single‑family residence (per listing remarks)
