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 Market31
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
(630) 377-1646
Listed By:
Tamara O'Connor · License #475110537
Source:
Liveliferealty
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 28 at 8:28PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,941
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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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
