NEC of Route 31 & Ford Street
Geneva, IL 60134
2 Acres in Downtown Geneva Near Fox River · Land For Sale · 1.99 AC

As exclusive agent, Versa Real Estate Services is offering for a sale a rare opportunity to acquire the fee simple interest in 1.995 acres in Downtown Geneva along the Fox River, just a few blocks North of the Route 38 (State Street) Bridge. This assemblage of property is one of the remaining larger parcels available for redevelopment in downtown Geneva. Its location is ideally for redevelopment due to its proximity to the Fox River, Downtown Geneva and the Geneva Metra Station. The property is an assemblage of 9 parcels that make up the majority of a city block which includes Stevens Street to the North, Ford Street to the South, River Lane to the East and First Street (Route 31) to the West. Currently, there are a mix of residential and commercial structures on the land including 25,000 SF concrete loft warehouse used for manufacturing and distribution uses. The property for sale is also located within two zoning districts: D-MFR (Multi-Family Residential) and D-SFMR (Single Family Medium Density Residential). The area surrounding the property has seen a surge in redevelopment over the years including a 30+ unit townhouse project, a 5-unit attached housing project and a two city block multi-family condo project. It is also located within the Geneva Fox River TIF District potentially allowing for additional assistance from the City. In addition, the Downtown/Station Area Master Plan calls for up to 100 residential units on the property.