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Property profile & analytics

101-105 State St Geneva, IL 60134

  • Commercial real estate
  • 9,014 SF
  • 0.13 lot acres
OFF-MARKET
Last Sale
Oct 21, 2024
$1,100,000
Value Estimations
$1,205,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-1956199
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 101-105 State St

Year built
1925
Lot size
0.13 lot acres
Property size
9,014 SF
Property type
Commercial real estate
APN
12-03-430-017
APU
1203430017

Description

This exceptional investment opportunity presents a beautifully renovated, multi-tenant property located at 101-105 W State St, Geneva, IL. The 9,014 square foot building, constructed in 1853 and extensively renovated in 2006 and 2020, boasts a strong 8.99% cap rate and a net operating income (NOI) of $141,631. The first floor encompasses a thriving bar and restaurant with a 172-seat capacity, featuring exposed river stone and recently upgraded electrical service (800 amps). Over $450,000 has been invested in recent renovations, including architectural, demolition, structural, flooring, plumbing, and front entry improvements. Approved architectural plans are included. The second floor offers four fully remodeled apartments, a utility room with coin-operated laundry, and a dedicated restaurant office (400 amp service). The lower level provides ample storage and cooler space. Situated on a 0.13-acre lot in Kane County's B-2 Business District (APN: 12-03-430-017), this two-story property offers a compelling blend of commercial and residential income streams. The asking price is $1,350,000 ($149.77/sq ft). This is a rare opportunity to acquire a well-established, high-performing property in a desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,348,000
    Market price range: $1.35M - $2.39M
    AI Estimate
    $752,000
    Market price range: $505k - $1.59M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $1,790,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $1,735,000
    Change: -3% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Geneva
County
Kane
State
Illinois
Longitude
-88.3053
Latitude
41.8879
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$28,113
$34,947
$288,559
$323,506
-
$104,841
$865,677
$970,518
More about this property
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