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317 3rd St Geneva, IL 60134-2702

OFF-MARKET Commercial real estate Google Maps
3,566 SF 0.4 ac lot Built 1895
Entity Owned Free & Clear
Estimated value (blended)
$345k
Range $311k – $380k (±10%)
Property ID US28-0121201

Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1895
Total area 3,566 SF
Lot 0.4 ac (17,400 SF)
APN 12-03-461-003
UPID US28-0121201

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Employment Agency
  • Restaurant
  • Music Venue Theater & Performing Art Venue
  • Construction Company General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$680k
Comparable Approach Comparable
$629k
Blend (final) Blend
$345k

Owner & transaction history

since 2025
7 recorded transactions
2025
$2.0M
2008
$1.5M
2007
$1.1M
2004
Price N/A
2004
Price N/A
2004
$908,100
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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