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Vintage Commercial Property 27 W State St 4,050 SF 100% Leased Retail Building Geneva, IL 60134 $850,000 ($209.88/SF) 6.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Vintage 1840 Commercial Bldg - Fully Leased
- 1st Floor - Prime Street Retail, Large Display Windows, Wood Floors. Exposed Brick & Stone Walls
- Just West of Fox River Bridge - East of Rt 31
- 2nd Floor - Loft Apt/Off, Beautifully Remodeled, Hardwood Floors, Exposed Limestone Walls
EXECUTIVE SUMMARY
FOR SALE: Unique, historic (1840) commercial building. Fully leased. First floor retail. Second floor loft office/apartment. 2024 taxes: $13,150.
1ST FL: Retail. Unique 2,100 SF retail space. Tenant is ANEW consignment boutique. Three large display windows on State Street (Rt 38). Interior features hardwood floors and exposed brick & limestone walls. Multiple showroom areas. Two restrooms. $4,200/mo.
2ND FL: Beautifully remodeled 1,750 SF loft office/apartment. Tenant is an electric contractor. Features hardwood floors, exposed limestone walls, cathedral ceilings & skylights. Large front room with windows. Spacious kitchen with appliances & lots of cherry cabinets. Two private offices (bedrooms). Many closets, bookcases. Designer-grade full bath. Potential to be a live/work setup. $2,500/mo.
LOCATION: In downtown Geneva, on west side of Fox River. On north side of State St (Rt 38), just east of First St (Rt 31). Only two blocks from the historic Third Street shopping district. Many traffic generators, including restaurants and Herrington Hotel. Street parking and large public lots nearby. 2020 Demographics (5 mi): Population - 109,973. Avg household income - $168,247.
1ST FL: Retail. Unique 2,100 SF retail space. Tenant is ANEW consignment boutique. Three large display windows on State Street (Rt 38). Interior features hardwood floors and exposed brick & limestone walls. Multiple showroom areas. Two restrooms. $4,200/mo.
2ND FL: Beautifully remodeled 1,750 SF loft office/apartment. Tenant is an electric contractor. Features hardwood floors, exposed limestone walls, cathedral ceilings & skylights. Large front room with windows. Spacious kitchen with appliances & lots of cherry cabinets. Two private offices (bedrooms). Many closets, bookcases. Designer-grade full bath. Potential to be a live/work setup. $2,500/mo.
LOCATION: In downtown Geneva, on west side of Fox River. On north side of State St (Rt 38), just east of First St (Rt 31). Only two blocks from the historic Third Street shopping district. Many traffic generators, including restaurants and Herrington Hotel. Street parking and large public lots nearby. 2020 Demographics (5 mi): Population - 109,973. Avg household income - $168,247.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,050 SF
Building Class
B
Year Built/Renovated
1840/2000
Price
$850,000
Price Per SF
$209.88
Cap Rate
6.92%
NOI
$58,856
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.86
Lot Size
0.05 AC
Zoning
D-CM - Downtown - Commercial Mixed-Use
Parking
8 Spaces (1.78 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Anew Consignment
- Retailer
- 2,100 SF
- -
- Modified Gross
- -
- Blade Electric
- Construction
- 1,750 SF
- -
- Modified Gross
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Anew Consignment | Retailer | 2,100 SF | - | Modified Gross | - | |
| Blade Electric | Construction | 1,750 SF | - | Modified Gross | - |
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 12-03-431-026 | Improvements Assessment | $146,886 |
| Land Assessment | $18,097 | Total Assessment | $164,983 |
PROPERTY TAXES
Parcel Number
12-03-431-026
Land Assessment
$18,097
Improvements Assessment
$146,886
Total Assessment
$164,983
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Vintage Commercial Property | 27 W State St
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