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    317 3Rd St Geneva, IL 60134

    For Lease
    $24 SF/Yr ($7,932 /Mo)

    1200 SF Furnished Office, Downtown Geneva

    Lot size:
    3,966 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This fully furnished, 1,200 square foot office suite is located on the second floor of a beautifully renovated, historic building (1895, renovated 2009) at 317 S 3rd St, Geneva, IL 60134. The suite, part of a larger 3,966 square foot building, offers six rooms with a mix of hardwood and carpeted floors and abundant natural light from numerous windows. Ideal for a law firm, financial advisor, or other professional services, the space has the potential to be subdivided. Shared amenities include a restroom and entrance. The owner occupies two additional rooms on the second floor. The property boasts a prime location in Geneva's historic Third Street business district, just 3.5 blocks south of State Street, two blocks from the Kane County Courthouse, and 2.5 blocks from the Metra commuter station. A fine dining restaurant, The James, occupies the first floor. Limited private parking is available behind the building. The monthly rent of $3,000 includes estimated operating expenses of $6 per square foot. The property is zoned D-RSCM (Residentially Scaled Commercial Mixed-Use) and has a Kane County APN of 12-03-461-003. A virtual tour is available.

    Property Features for 317 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,966 SF
    Class
    A
    Total Rate
    7932

    Building Details

    Year Built/Renovated
    1895/2009
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    2A-F
    Size
    1,200 SF
    Rate per SF
    $24

    HighLights

    • Fully furnished, 1,200 sq ft, six‑room office suite.
    • Second‑floor space in a renovated historic building (1895, renovated 2009) in Geneva, IL.
    • Potential for subdivision.
    • Prime location in Geneva's historic Third Street district, near courthouse and Metra station.
    • $3,000/month rent includes $6/sq ft operating expenses; limited private parking available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Wellington Group, Inc. Employment Agency The James Restaurant Gregory Hyde Musician Fiora Enterprises General Contractor

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Kane
    State
    Illinois
    Longitude
    -88.3083264
    Latitude
    41.884164

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    FAQs

    What type of property is this?
    Office Property / Space - 1200 SF Furnished Office, Downtown Geneva
    Where is this office property / space located?
    The property is located at 317 3Rd St Geneva, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Fully furnished, 1,200 sq ft, six-room office suite.; Second-floor space in a renovated historic building (1895, renovated 2009) in Geneva, IL.; Potential for subdivision.
    Request Owner's contact information
    317 3Rd St Geneva, IL 60134
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    Geneva, IL 60134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    317 3Rd St Geneva, IL 60134
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