427 State St, Geneva, IL 60134-2337
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.
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Heart Stone Financial - Ameriprise Financial Services, LLC Financial Advisor
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Marberry Cleaners & Launderers (Bike/Boat/Book/etc) Store
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Alison Brandt - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
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Pauline Swenson For Massage Therapy Alternative Medicine Practice Spa & Massage Center
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Architectural Resources Architect
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.