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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    318 3rd St, Geneva, IL 60134-2726

    2,229 SF 0.18 ac lot Built 1918
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US28-5808657
    Property summary
    AI-generated overview

    This exceptional 6,660-square-foot commercial property is located at 318 S 3rd Street in the heart of Geneva, Illinois, a highly desirable dining, shopping, and entertainment destination. Completely renovated and expanded in 2000 by Hogan Design & Construction, this building boasts superior quality and attention to detail. The property features a fully updated mechanical system (HVAC/AC, plumbing, electrical, and roof), all less than five years old. A rare find in downtown Geneva, a three-level elevator services all floors. Additional key features include a state-of-the-art sound system, a sprinkler system, and full ADA compliance. The building offers three private meeting rooms, an event room, and four public restrooms. Two outdoor patio spaces and professionally landscaped gardens enhance the property's appeal. A chef's dream commercial kitchen is equipped with an 18-foot industrial hood, walk-in freezer/refrigeration, and ample storage. The expansive basement includes elevator access, exterior access, a food-grade storage area, a breakroom, and a draught system. A highly sought-after second-floor event space provides additional seating capacity for parties, gatherings, or other events. This turnkey property presents a unique opportunity to establish a thriving business in Geneva, consistently ranked among the best communities in the western suburbs. All major renovations have been completed, allowing a seamless transition for the new owner.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1918
    Total area 2,229 SF
    Lot 0.18 ac (7,800 SF)
    APN 12-03-460-009
    UPID US28-5808657
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    318 S 3rd LLC · 3 yrs held
    318 S 3rd LLC
    since 2023
    7 recorded transactions
    2023
    2023
    2005
    $500,000
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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