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- LoopNet Team
33W300 Rte 38
Geneva, IL 60134
10-20 Acres for Industrial Development · Land For Sale
·
19.96 AC
INVESTMENT HIGHLIGHTS
- 10-20 acre development site
- Concept plan approved by city
- Generally level topography
- Annexed to the city of Geneva
- 1,177 ft frontage on Rt 38, multiple curb cuts
- Business park to the north
PROPERTY FACTS
| Property Type | Land | Proposed Use | Industrial |
| Property Subtype | Industrial | Total Lot Size | 19.96 AC |
| Zoning | B4 | ||
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Industrial |
| Total Lot Size | 19.96 AC |
| Zoning | B4 |
DESCRIPTION
19.96 acres of land. Divisible to 10 acres. Well-located for industrial development. Significant frontage on Rt 38. A concept plan was approved in May 2020 by the City of Geneva, subject to rezoning from B4 to I1. This would allow approx. 235,000 sf of industrial buildings on the site with access from Rt 38. Annexed in 2003. Most of the site is currently farmed and includes two vacant old houses & several farm buildings. Three existing curb cuts onto Rt 38. 2019 Taxes: $11,359 LOCATION: On north side of IL Rt 38 (State St / Roosevelt Rd) between Kirk Rd & Kautz Rd, and just west of the Rt 38 bridge over the Union Pacific Railroad at Kautz Rd. Approx. 1 mile south of DuPage County Airport at eastern edge of both Geneva Township and Kane County. Immediately west of the City of West Chicago and DuPage County. The area is part of a major office/industrial corridor. An established industrial park borders the site to the north.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,316,563 | |
| Land Assessment | $967,885 | Total Assessment | $6,284,448 |
PROPERTY TAXES
