Office Building with Detached
For Sale
$675,000
28 S 5th St, Geneva, IL 60134
Multiple offices and private rooms support flexible commercial layouts.
Property Size2,244 SF
Price / SF$300.80
Days on Market77
Property Features for 28 S 5th St
General Information
Standard status
Active
Size
2,244 SF
Total Parking Spaces
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1890
Listing Agency:
Premier Living Properties
Listed By:
Tamara O'Connor · License #475110537
(630) 377-1646
Source:
Bktchicago
Added: Jul 30
Changed: Oct 4
Last Checked: Oct 7 at 4:09PM
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 office property at 28 S 5th St in Geneva contains approximately 2,244 square feet and dates to 1890. The existing arrangement includes several offices, gathering areas, and private rooms, offering a varied configuration for professional use. A detached 2-car garage provides additional on-site utility, while the corner position at Fifth and James Street gives the building a prominent downtown setting.
The property is currently arranged for office occupancy, with potential for conversion to a single-family residence described in the source information. Its central Geneva location places it steps from shopping, dining, the Metra station, and the riverwalk, supporting a live/work concept or continued office use.
The property is currently arranged for office occupancy, with potential for conversion to a single-family residence described in the source information. Its central Geneva location places it steps from shopping, dining, the Metra station, and the riverwalk, supporting a live/work concept or continued office use.
Key Highlights
- Approximately 2,244 square feet of office space
- Built in 1890
- Detached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,941
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,820
$618.8K
Cap Rate 7%
$442,014
$442.0K
Cap Rate 9%
$343,789
$343.8K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$54.9K $24.48/SF
− Vacancy
−$13.7K −$6.10/SF
EGI
$41.3K $18.38/SF
− OpEx
−$10.3K −$4.60/SF
NOI
$30.9K $13.79/SF
Area
Kane County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,820
Cap Rate 7%
$442,014
Cap Rate 9%
$343,789
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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 60134, IL
30,503
Population
11,159
Households
2.7
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
14.6 sq mi
ZIP Area
2,089
Density / Sq Mi
$148,283
Median Household Income
$66,586
Median Earnings
$1,816
Median Rent
$427,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Multiple offices and private rooms support flexible commercial layouts.
Where is this office building located?
The property is located at 28 S 5th St 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: Approximately 2,244 square feet of office space; Built in 1890; Detached 2‑car garage
