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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    427 State St, Geneva, IL 60134-2337

    1,046 SF 0.21 ac lot Built 1877
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-5018907
    Property summary
    AI-generated overview

    This exceptional 1,250-square-foot freestanding building presents a unique investment opportunity in the heart of Geneva, Illinois. Located at 427 East State Street, this property enjoys a prime position on Geneva's main business thoroughfare, offering excellent visibility and accessibility. The building is zoned B-3E, Business, allowing for a variety of commercial uses. The property's convenient location places it just across the Fox River from Geneva's central business district, providing easy access to a vibrant mix of retail, dining, and entertainment options. Nearby national retailers include Aldi, CVS, McDonald's, Dairy Queen, UPS Store, Wendy's, Starbucks, and BMO Harris Bank, ensuring high foot traffic and strong brand recognition. The 2021 property taxes were $6,008.72. The building's APN is 12-02-376-008. This is a rare opportunity to acquire a well-situated, freestanding commercial property in a thriving Illinois community. The property's versatility and prime location make it an ideal investment for both established businesses and discerning investors seeking a strong return. The building's executive office subtype offers a sophisticated and functional space ready for immediate occupancy or customization. Don't miss this chance to own a piece of Geneva's vibrant commercial landscape.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1877
    Total area 1,046 SF
    Lot 0.21 ac (9,000 SF)
    APN 12-02-376-008
    UPID US28-5018907
    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
    Current use
    Occupant on record · Public records
    • Heart Stone Financial - Ameriprise Financial Services, LLC Financial Advisor
    • Marberry Cleaners & Launderers (Bike/Boat/Book/etc) Store
    • Alison Brandt - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
    • Pauline Swenson For Massage Therapy Alternative Medicine Practice Spa & Massage Center
    • Architectural Resources Architect
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    State Of Illinois · 1 yrs held
    State Of Illinois
    since 2024
    Last sale
    $7,250
    5 recorded transactions
    2024
    $7,250
    2024
    2024
    $180,000
    2024
    $280,000
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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