825 W State St Geneva, IL 60134
Two buildings in downtown Geneva with long-term tenants.
Type:Office
Property size:
15,071 SFPrice / SF:
$147/SF- Added:
- Aug 31, 2023
- Days on Market:
- 968
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 825 W State St
General Information
- Standard status
- Active
- Size
- 15,071 SF
- Property subtype
- Office
Listing agent Ryan Samuelson License #IL 471.008643
Listing office Corcoran Commercial Real Estate
Listing date Aug 31, 2023
Source Crexi
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 Corcoran Commercial Real Estate
Overview
Downtown Geneva Investment Opportunity
This investment opportunity features two buildings in downtown Geneva. The first building, located at 825 W State St, is a well-maintained building with 33 current tenants, including Huntington Learning Center, Midwest Grading, and Hemming & Sylvester Real Estate. Most tenants are single office users with an average tenancy of over 4 years. There are currently two vacant offices totaling 700 square feet. Most leases offer the opportunity for rental increases. The second building, located at 8 Richards St, has two tenants: a commercial office on the main floor with a month-to-month lease and a long-standing residential tenant on the second floor. Both buildings have parking as well as street parking directly in front. The properties are located blocks from downtown Geneva's shopping, dining, river walking and biking trails, and festivals. Over 35,000 vehicles per day pass through on State Highway 38. The property size is 15,071 square feet. The corner lot is at a lighted intersection on the main drag. Income information is available upon request.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Longworth Prep
Training Center
Abear Law Offices
Law Firm
Dukane Financial Services
Insurance Agency
Office Space Geneva
Real Estate Agency
Deborah L. Conley, ...
Foster Care Service
Location Insight
- Map
- Local Demand
- City
- Geneva
- County
- Kane
- State
- Illinois
- Longitude
- -88.3148295
- Latitude
- 41.8890443
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two buildings in downtown Geneva with long-term tenants.
Where is this office building located?
The property is located at 825 W State St Geneva, IL.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Prime downtown Geneva corner lot location at a lighted intersection on the main thoroughfare.; Two buildings included in the investment: 825 W State St (33 tenants) and 8 Richards St (2 tenants).; 825 W State St has a history of stable tenancy with an average tenant duration of over 4 years.
