318 3rd St, Geneva, IL 60134-2726
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.