825 W State St, Geneva, IL 60134

Listing agent Ryan Samuelson License #IL 471.008643

Listing office Corcoran Commercial Real Estate

Listing date Aug 31, 2023

Source Crexi

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Overview

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.

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Geneva

County

Kane

State

Illinois

Longitude

-88.3148295

Latitude

41.8890443

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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.