Brick Retail
415 West State Street, Geneva, IL 60134
For Sale
Contact for pricing
Five-suite shopping center with full occupancy, dedicated parking, and recent HVAC upgrades.
Property Size7,959 SF
Price / SF$219.88
Days on Market103
Property Features for 415 West State Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Lease Type
Net Operating Income
Additional Details
Road Access
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Construction
Listing Agency:
Interra Realty, LLC
Listed By:
Nathan Zito
Source:
Crexi
Added: Jul 30
Changed: Oct 26
Last Checked: Nov 8 at 6:49AM
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 Interra Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,959-square-foot brick shopping center contains five suites and is fully leased to three established local tenants. Built in 1950, the property received a comprehensive remodel and upgrade in 2008, followed by installation of four new HVAC condensers in 2025. Twenty-seven dedicated surface parking spaces serve the center, an uncommon feature for a downtown retail property.
The property occupies 415 West State Street in Geneva’s Historic District near 3rd Street and Route 38, an east-west arterial through the downtown core. It is close to the Third Street shopping and dining district, Geneva Metra Station, and the Fox River, with access to Routes 31 and 64 connecting St. Charles, Batavia, and the broader Fox Valley. The surrounding area includes 85,000 residents across Geneva, Batavia, and St. Charles.
The property occupies 415 West State Street in Geneva’s Historic District near 3rd Street and Route 38, an east-west arterial through the downtown core. It is close to the Third Street shopping and dining district, Geneva Metra Station, and the Fox River, with access to Routes 31 and 64 connecting St. Charles, Batavia, and the broader Fox Valley. The surrounding area includes 85,000 residents across Geneva, Batavia, and St. Charles.
Key Highlights
- 7,959 SF brick shopping center with five suites
- 100% leased to three established local tenants
- Twenty‑seven dedicated surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,071
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,921,420
$1.9M
Cap Rate 7%
$1,372,443
$1.4M
Cap Rate 9%
$1,067,456
$1.1M
Market Conditions
NOI Build-Up for 7,959 SF
Gross rent
$143.3K $18.00/SF
− Vacancy
−$6.0K −$0.76/SF
EGI
$137.2K $17.24/SF
− OpEx
−$41.2K −$5.17/SF
NOI
$96.1K $12.07/SF
Area
Kane County, IL
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,921,420
Cap Rate 7%
$1,372,443
Cap Rate 9%
$1,067,456
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $96,071 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,917 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
27k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 67%
Dining 33%
Aldi
Groceries
18,219 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,871 visits/mo
0.1 miles
Dairy Queen
Dining
3,283 visits/mo
0.3 miles
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 Retail in Midwest region
Similar Off Market Nearby
- Herrington station — 328 Crescent Pl, Geneva, IL 60134
- D 'N' A — 324 IL-38, Geneva, IL 60134
- White Lotus — 109 W State St, Geneva, IL 60134
Frequently Asked Questions
What type of property is this?
Shopping center - Five-suite shopping center with full occupancy, dedicated parking, and recent HVAC upgrades.
Where is this shopping center located?
The property is located at 415 West State Street Geneva, IL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 7,959 SF brick shopping center with five suites; 100% leased to three established local tenants; Twenty‑seven dedicated surface parking spaces
