Free-Standing Mixed-Use
428 W State Street Geneva, IL 60134
428 W State Street, Geneva, IL, 60134
$899,000
For Sale
$899,000
Historic free-standing building with soaring ceilings, original woodwork, and a private parking lot for occupancy or development.
Property Size2,100 SF
Lot Size0.21 Acres
Price / SF$428.10
Days on Market216
Property Features for 428 W State Street
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1898
Listing agency
Realty Group - Marino Inc.
(630) 253-0094
Listed by
Melissa Marino-Bowers
(630) 253-0094
Source
Birdrealtysells
Added: Dec 18, 2025 Updated: Jul 22 at 10:42AM Checked: Jul 22 at 10:42AM
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 Realty Group - Marino Inc.
Investment Insights
Based on property information with market context.
This downtown Geneva free-standing mixed-use building is available for occupancy or development. The property is currently home to an interior and landscape design firm and includes soaring ceilings and original woodwork that support a flexible interior concept.
A private parking lot accompanies the building, with 9,000 square feet of lot area and high visibility off Main Street. The remarks also note a walking distance to Metra, and the opportunity to expand parking off 5th Street for use as an outdoor space.
With its existing layout and character, the building is positioned for a range of business concepts, including retail, restaurant, office, winery, mixed use, or a design-focused space.
A private parking lot accompanies the building, with 9,000 square feet of lot area and high visibility off Main Street. The remarks also note a walking distance to Metra, and the opportunity to expand parking off 5th Street for use as an outdoor space.
With its existing layout and character, the building is positioned for a range of business concepts, including retail, restaurant, office, winery, mixed use, or a design-focused space.
Key Highlights
- Historic 1898 free‑standing mixed‑use building in downtown Geneva
- Approx. 2,100 SF building with soaring ceilings and original woodwork
- Private parking lot on‑site plus lot size of approx. 9,000 SF
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $18.00 |
| − Vacancy | −$2.8k | −$1.33 |
| EGI | $35.0k | $16.67 |
| − OpEx | −$8.8k | −$4.17 |
| NOI | $26.3k | $12.50 |
2,100 SF · lease $18.00/SF/yr · vacancy 7.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$375.0K
$328.2K – $437.5K
NOI $26,252 @ 7.0% cap · market cap 2.92%
Second Best
Mixed Use
$372.6K
$326.0K – $434.7K
NOI $26,082 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$725.0K
$634.4K – $845.9K
NOI $50,752 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SG Geneva Shop ...
Interior Design
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic free-standing building with soaring ceilings, original woodwork, and a private parking lot for occupancy or development.
Where is this mixed-use property located?
The property is located at 428 W State Street Geneva, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Historic 1898 free‑standing mixed‑use building in downtown Geneva; Approx. 2,100 SF building with soaring ceilings and original woodwork; Private parking lot on‑site plus lot size of approx. 9,000 SF
