Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    319 W State Street Geneva, IL 60134

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,025 /Mo

    Office space in the heart of downtown Geneva.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 10:15 pm

    Property Features for 319 W State Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 319 W State Street Contact us

    We can help!

    Listing Contact
    Thijs Dennison
    Thijs Dennison

    Listing agent Thijs Dennison

    Listing office Murray Commercial

    Listing date Mar 6, 2026

    Source Murraycommercial

    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 Murray Commercial

    Overview

    Downtown Geneva Office Space Available

    Located in downtown Geneva, this second-floor suite is situated within the Geneva Theater Building. The property is near restaurants, shops, and professional services, as well as the Kane County Courthouse. The Metra train station and the Fox River are within walking distance. This location is suitable for businesses seeking a vibrant, high-traffic area with historic charm.
    Location Intelligence

    Current Use by Public Records

    Rachel Schramm, LMT Alternative Medicine Practice Nationwide Insurance: Muir ... Insurance Agency Iteris, Inc. Engineering Consultant Kara Canga-Arguelles LAc, ... Medical Clinic State & Society Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Kane
    State
    Illinois
    Longitude
    -88.3087
    Latitude
    41.8883

    Nearby Similar for Lease

    • Contact for pricing

      Historic Office Space in Geneva

      Office space for lease in historic downtown Geneva building.
      215 Fulton Street, Geneva, IL 60134
      View Details
    • Contact for pricing

      Commercial Space in Geneva, IL

      Commercial space available for rent in Geneva, Illinois.
      315 JAMES Street unit: 240, Geneva, IL 60134
      View Details
    • Contact for pricing

      Retail/Office Space in Geneva

      Newly renovated retail/office space with high visibility and parking.
      830 E State St, Geneva, IL 60134
      View Details
    • Contact for pricing

      Downtown Geneva Office Space Available

      Recently rehabbed office unit in downtown Geneva for rent.
      321 James Street 107, Geneva, IL 60134
      View Details
    • Contact for pricing

      Geneva Office Space For Rent

      Second-floor office space near Kane County buildings and courthouse.
      610 S 3rd Street, Geneva, IL 60134
      View Details
    • $24/mo

      Furnished Office Space in Geneva

      Executive office suite in historic building, suitable for professional uses.
      311-317 S 3rd St, Geneva, IL
      View Details
    • Contact for pricing

      Downtown Geneva Professional Office Suite

      Professional office suite in a prominent downtown Geneva building.
      524 W State St, Geneva, IL 60134
      View Details
    • $22/mo

      Retail Space on Randall Road

      Retail space available for lease with excellent visibility.
      1792 S Randall Rd, Geneva, IL
      View Details
    • Contact for pricing

      Commercial Space in Geneva, IL

      Commercial space available for rent in Geneva, Illinois.
      321 James Street unit: 107, Geneva, IL 60134
      View Details
    • $17/mo

      Move-in Ready Medical Office Space

      Efficient medical office space available for lease.
      2172 Blackberry Dr, Geneva, IL
      View Details
    • Contact for pricing

      Retail and Restaurant Space Available

      Retail and restaurant spaces available, ranging from 876 to 10,000+ sqft.
      202-530 Commons Dr, Geneva, IL
      View Details
    • $35/mo

      Former Dental Office with Parking

      Office space with abundant plumbing and ample parking.
      502 E State St, Geneva, IL
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in the heart of downtown Geneva.
    Where is this office units located?
    The property is located at 319 W State Street Geneva, IL.
    What is the lease rate?
    The lease rate is $2,025 /Mo.
    What are key features of this property?
    This property features: Prime Downtown Geneva Location: In the heart of downtown, steps from restaurants, shops, and services.; Walkable to Metra: Enjoy convenient access to transportation.; Iconic Geneva Theater Building: A prestigious and recognizable address.
    (630) 513-0173
    We can help!
    Listing Contact
    Thijs Dennison
    Thijs Dennison
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!