515 W State St Geneva, IL 60134
Single-user retail building in a prominent corner location.
- Added:
- May 21, 2026
- Days on Market:
- 53
- Last Refresh:
- May 21 at 10:43 pm
Property Features for 515 W State St
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.60 Acres
- Property subtype
- Street Retail
Building Details
- Year Built
- 1953
Listing office SVN | Landmark Commercial Real Estate (630) 938-4950
Listing date May 21, 2026
Source Thebrokerlist
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 SVN | Landmark Commercial Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Prominent corner location on State St (IL Rt 38) in downtown Geneva, IL
- 12,000+ sf building on 0.6 acre site suitable for owner‑user or redevelopment
- Generous onsite private parking
Local Financial Insights For 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 | $216.0k | $18.00 |
| − Vacancy | −$9.1k | −$0.76 |
| EGI | $206.9k | $17.24 |
| − OpEx | −$62.1k | −$5.17 |
| NOI | $144.8k | $12.07 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Designs by Janet — 427 Anderson Blvd, Geneva, IL 60134
- Floral Wonders — 310 Campbell St, Geneva, IL 60134
- Design Merchants — 125 s 7th st, geneva, il 60134