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    825 State St Geneva, IL 60134

    For Sale
    $2,225,000

    High-yield, multi-tenant office buildings

    Property size:
    15,071 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity in downtown Geneva, Illinois, featuring two buildings totaling 15,071 square feet on a 14,355 square foot lot. This Class B property boasts 37 units with 33 tenants, achieving a 94% occupancy rate and a strong 7.36% cap rate, generating a net operating income (NOI) of $163,688. The asking price is $2,225,000, translating to $147.63 per square foot. Built in 1973 and 1920, the two-story buildings are situated on a prime corner lot at a well-lit intersection on State Highway 38, experiencing over 35,000 vehicles daily. The property includes 38 parking spaces and is zoned B-2. Tenants include a mix of single-office users and larger businesses, with many enjoying long-term leases and opportunities for rental increases. One building houses 33 tenants, including established businesses like Huntington Learning Center, Midwest Grading, and Hemming & Sylvester Real Estate. The second building features two tenants, one with a commercial office on the main floor and residential space upstairs. This property offers excellent proximity to Geneva's vibrant downtown area, known for its shopping, dining, and recreational amenities. The gross lease structure simplifies management. Financial details are available upon request.

    Property Features for 825 State St

    General Information

    Property type
    Medical offices
    Square Feet
    15,071 SF
    Class
    B

    Building Details

    Buildings
    2
    Stories
    2
    Units
    37

    HighLights

    • Exceptional investment opportunity: Two‑building, 15,071 SF property on a 14,355 SF lot in downtown Geneva, IL.
    • High occupancy (94%) with strong NOI of $163,688 and a 7.36% cap rate.
    • Asking price: $2,225,000 ($147.63/SF).
    • Prime corner lot on State Highway 38 (35,000+ vehicles daily), with 38 parking spaces and B‑2 zoning.
    • 37 units, 33 tenants, including established businesses, with many long‑term leases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Longworth Prep Educational Consultant Abear Law Offices Divorce Lawyer Dukane Financial Services Insurance Agency Office Space Geneva Office Space Rental Agency Deborah L. Conley, ... Social Worker

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office 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
    -88.315099210029
    Latitude
    41.888901455838

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    FAQs

    What type of property is this?
    Medical office - High-yield, multi-tenant office buildings
    Where is this medical office located?
    The property is located at 825 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: Exceptional investment opportunity: Two-building, 15,071 SF property on a 14,355 SF lot in downtown Geneva, IL.; High occupancy (94%) with strong NOI of $163,688 and a 7.36% cap rate.; Asking price: $2,225,000 ($147.63/SF).
    Request Owner's contact information
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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
    825 State St Geneva, IL 60134
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