Downtown Geneva Investment
For Sale
Contact for pricing
825 W State St, Geneva, IL 60134
Two buildings in downtown Geneva with long-term tenants.
Property Size15,071 SF
Price / SF$147.63
Days on Market1086
Property Features for 825 W State St
General Information
Standard status
Active
Size
15,071 SF
Class
B
Property subtype
Office
Zoning
D-CM
Listing Agency:
Corcoran Commercial Real Estate
(630) 674-8424
Listed By:
Ryan Samuelson · License #IL 471.008643
Source:
Crexi
Added: Aug 31, 2023
Changed: Aug 20
Last Checked: Aug 20 at 12:35PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
