Office Suite with Private
610 S 3rd Street, Geneva, IL 60134
For Sale
Contact for pricing
The upper-floor space combines private work areas with a full bathroom and substantial storage.
Property Size333 SF
Days on Market40
Property Features for 610 S 3rd Street
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Public Transit
Property Use
Amenities
full bathroom
ample storage
Building Details
Year Built
Listing Agency:
Hometown Realty Group
(815) 991-9293
Listed By:
Jenna Harrolle
(815) 931-3034
Source:
Helenoliveri
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 9 at 8:08AM
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 Hometown Realty Group
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Investment Insights
Based on property information with market context.
This office suite occupies the upper level and is arranged with two private rooms, a full bathroom, and storage. A garage can also be made available for an additional rent.
The property at 610 S 3rd Street is beside the Metra station and a short distance from downtown Geneva, where restaurants, shops, and businesses are located. The building dates to 1905.
The property at 610 S 3rd Street is beside the Metra station and a short distance from downtown Geneva, where restaurants, shops, and businesses are located. The building dates to 1905.
Key Highlights
- Two private rooms on the upper level
- Full bathroom and storage
- Garage available for additional rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,592
Suggested Prices Based on Cap Rates
Cap Rate 5%
$91,840
$91.8K
Cap Rate 7%
$65,600
$65.6K
Cap Rate 9%
$51,022
$51.0K
Market Conditions
NOI Build-Up for 333 SF
Gross rent
$8.2K $24.48/SF
− Vacancy
−$2.0K −$6.10/SF
EGI
$6.1K $18.38/SF
− OpEx
−$1.5K −$4.60/SF
NOI
$4.6K $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%
$91,840
Cap Rate 7%
$65,600
Cap Rate 9%
$51,022
Alternative Uses
Best Use
Office B
$65.6K
$57.4K – $76.5K
NOI $4,592 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$90.8K
$79.5K – $105.9K
NOI $6,356 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
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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
$427,300
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Kane County, IL
Properties on Market for Office Units in Kane County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The upper-floor space combines private work areas with a full bathroom and substantial storage.
Where is this office unit located?
The property is located at 610 S 3rd Street Geneva, IL.
What are key features of this property?
This property features: Two private rooms on the upper level; Full bathroom and storage; Garage available for additional rent
