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- LoopNet Team
516-522 W State St
Geneva, IL 60134
Property For Lease
Property Facts
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Storefront | Parking Ratio | 2.97/1,000 SF |
| Gross Leasable Area | 3,370 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 3,370 SF |
| Year Built | 1950 |
| Parking Ratio | 2.97/1,000 SF |
About the Property
3 unit building on East State Street, downtown Geneva. Built in 1950. FOR LEASE- Awesome downtown Geneva commercial building available for lease. This 1950 vintage 3,390 sf single story brick and stone building contains has 3 tenant spaces, all of which are occupied through March 2021. Two of the spaces face State Street, both 1,320 sf, while the 3rd is toward the back-parking area and has 720 sf. The leases are short term, ending April 1st. The former backyard space was combined with the 2 adjacent properties' backyards to create a shared parking area with access easements to both 5th and 6th streets. It was created when the building to the west was built around 2005. The owner of the building to the west manages the parking area and the cost of maintenance is apportioned based on area. The intent of the partnership is to provide employee vs. public parking. Maintenance includes landscaping, snow removal, repairs and refuse service.
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