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516-522 W State St 516-522 W State St 3,370 SF 100% Leased Retail Building Geneva, IL 60134 $685,000 ($203.26/SF) 6.17% Cap Rate



INVESTMENT HIGHLIGHTS
- E-Commerce Resistant Investment
- Strategic Location
- Strong Demographics
- Upside Potential
- High Traffic Counts
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-tenant retail center located at 516-522 W State Street in Geneva, Illinois (the “Property”). The retail center contains 3,370 square feet of gross leasable area on a 0.16-acre parcel. 516-522 W State Street is comprised of three (3) units and is 100% occupied by e-commerce resistant tenants and a complimentary mix of local businesses offering products and services for the surrounding community. The retail center is prominently located along W State Street (IL Route 38), one of the area’s busiest commercial and commuter thoroughfares. The Property is in Downtown Geneva and is convenient to S Randall Road, which is home to the area’s primary commercial district featuring Meijer, Lowe’s Costco, and several large shopping centers, all of which drive traffic to the area. The Property is convenient to residential neighborhoods, area schools, major employers, and the Northwestern Medicine Delnor Hospital creating a steady built-in customer base. The location offers access to public transportation (a Pace bus stop in front of the Property and the Geneva Metra Station, 0.5 miles away) and area highways including IL Routes 25, 31 and 64, further enhancing connectivity to the surrounding western suburbs and the broader Chicago metropolitan area. Geneva is located approximately 40 miles west of Chicago’s Central Business District.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,370 SF
Building Class
C
Year Built
1950
Price
$685,000
Price Per SF
$203.26
Cap Rate
6.17%
NOI
$42,277
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.16 AC
Zoning
D-CM - Geneva Downtown Commercial Mixed Use
Parking
10 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
42’ on W State St
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 12-03-335-003 | Improvements Assessment | $112,908 |
| Land Assessment | $39,442 | Total Assessment | $152,350 |
PROPERTY TAXES
Parcel Number
12-03-335-003
Land Assessment
$39,442
Improvements Assessment
$112,908
Total Assessment
$152,350
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516-522 W State St | 516-522 W State St
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