Corner Office Building with
For Sale
$675,000
28 S 5th Street, Geneva, IL 60134
Commercial Sale, Geneva, IL
Property Size2,244 SF
Lot Size0.21 Acres
Price / SF$300.80
Days on Market139
Property Features for 28 S 5th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Rt 38 to 5th St S to property at corner of 5th and James
Subdivision
Geneva
Standard status
Active
APN
1203335011
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10832
Utilities
Cooling system
Central Air
Building Details
Year built
1890
Floors in Building
2
Number of units
1
Building materials
Wood, Frame
Roof type
Composition
Listing Agency:
Premier Living Properties
(630) 377-1646
Listed By:
Tamara O'Connor · License #475110537
(630) 485-4214
Added: May 26
Changed: Oct 10
Last Checked: Oct 11 at 9:06PM
MLS# 12641521
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1890, this approximately 2,244-square-foot office building has a character-rich wood-frame construction, composition roof, and central air. The current arrangement includes multiple offices, gathering areas, and private rooms, providing a practical setting for professional operations. A detached 2-car garage is also included.
The property occupies a 0.21-acre corner site at 28 S 5th Street in downtown Geneva. Its location is near shopping, dining, the Metra station, and the riverwalk. The existing office layout may also support consideration of a live-work concept or conversion to residential use, subject to applicable approvals.
The property occupies a 0.21-acre corner site at 28 S 5th Street in downtown Geneva. Its location is near shopping, dining, the Metra station, and the riverwalk. The existing office layout may also support consideration of a live-work concept or conversion to residential use, subject to applicable approvals.
Key Highlights
- Approximately 2,244 square feet configured for office use
- Built in 1890 with wood‑frame construction and a composition roof
- Multiple offices, gathering areas, and private rooms
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.
Property Analytics
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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
Check the figures for this property
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 gathering areas support a range of professional configurations, with a detached garage adding functional convenience.
Where is this office building 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: Approximately 2,244 square feet configured for office use; Built in 1890 with wood‑frame construction and a composition roof; Multiple offices, gathering areas, and private rooms
