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Multi-Unit Retail / Restaurant Building 500 Lark St 3,304 SF Retail Building Geneva, IL 60134 $700,000 ($211.86/SF)
Investment Highlights
- Vintage Freestanding Multi-Unit Retail Building
- Across From Northwestern Medicine Delnor Hospital
- Owner's Pizza Restaurant, and Tenant's Balloon Shop
- Randall Rd Corridor. Corner location at Keslinger Rd
- A new 13,600 sf daycare is planned across Lark St
- Lower Level At-Grade Garage/Storage
Executive Summary
Vintage (1935) multi-unit, corner retail building consisting of owner's pizza restaurant, plus a retail tenant. Flexibilty to allow 1-4 units. Owner/user opportunity for restaurant plus rent income. Onsite private parking. Contact broker for additional details.
PLEASE DO NOT DISTURB BUSINESSES OR CUSTOMERS.
RESTAURANT: Approx. 1,450 sf, 2nd-generation restaurant space currently set up for carry-out only. Former dining area (approx. 450 sf) could be easily added for sit-down. Existing equipment available. Drive-thru potential.
RETAIL: Approx. 1,400 sf tenant space currently occupied by a party balloon shop. Could be divided.
LOCATION: Located Geneva IL, an upscale community in west-suburban Chicago. Corner property at Keslinger Rd, just west of Randall Rd, the primary regional commercial corridor thru Kane County. Directly across from south entrance to Northwestern Medicine Delnor Hospital. A new 13,600 sf daycare is planned across Lark St. Surrounded by strong mix of suburban residential, medical, retail, office, and service businesses.
Demographics (5 mi): Population - 111,000, Avg HH Income: $161,000.
Traffic counts (VPD) - Randall Rd: 31,500, Keslinger Rd: 10,700.
EXTRA: Large lower level garage/storage/work space with rear, at-grade, access and two overhead doors. Former dining room is currently rented (mo-mo) by retail tenant. The tenant also rents part of basement storage.
PLEASE DO NOT DISTURB BUSINESSES OR CUSTOMERS.
RESTAURANT: Approx. 1,450 sf, 2nd-generation restaurant space currently set up for carry-out only. Former dining area (approx. 450 sf) could be easily added for sit-down. Existing equipment available. Drive-thru potential.
RETAIL: Approx. 1,400 sf tenant space currently occupied by a party balloon shop. Could be divided.
LOCATION: Located Geneva IL, an upscale community in west-suburban Chicago. Corner property at Keslinger Rd, just west of Randall Rd, the primary regional commercial corridor thru Kane County. Directly across from south entrance to Northwestern Medicine Delnor Hospital. A new 13,600 sf daycare is planned across Lark St. Surrounded by strong mix of suburban residential, medical, retail, office, and service businesses.
Demographics (5 mi): Population - 111,000, Avg HH Income: $161,000.
Traffic counts (VPD) - Randall Rd: 31,500, Keslinger Rd: 10,700.
EXTRA: Large lower level garage/storage/work space with rear, at-grade, access and two overhead doors. Former dining room is currently rented (mo-mo) by retail tenant. The tenant also rents part of basement storage.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,304 SF
Building Class
C
Year Built/Renovated
1935/2008
Price
$700,000
Price Per SF
$211.86
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.50 AC
Zoning
B-4 - Business District
Parking
35 Spaces (8 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-08-200-060 | Improvements Assessment | $126,004 |
| Land Assessment | $41,072 | Total Assessment | $167,076 |
Property Taxes
Parcel Number
12-08-200-060
Land Assessment
$41,072
Improvements Assessment
$126,004
Total Assessment
$167,076
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Multi-Unit Retail / Restaurant Building | 500 Lark St
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