101-105 State St, Geneva, IL 60134

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.