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Office and Office/Residential Assets 2 Office Properties Offered at $2,225,000 in Geneva, IL
INVESTMENT HIGHLIGHTS
- Downtown Traffic
EXECUTIVE SUMMARY
Hard to find Downtown Geneva Investment Property
Ideal Corner lot, at a lighted intersection on the main drag through affluent downtown Geneva. This investment opportunity comes with 2 buildings.
- 825 W State St - 33 current tenants, including Huntington Learning Center, Midwest Grading and Hemming & Sylvester Real Estate. Most other tenants are single office users that have an average tenancy of over 4 years. Building is well maintained and operated by local owners and property management. Currently 2 vacant offices totaling 700 sqft. Most leases have the opportunity to rental increases for immediate return.
- 8 Richards St. - 2 tenants home with commercial office on the main floor and residential on the 2nd floor. Long standing tenant on the 2nd floor with month to month on the 1st floor.
LOCATION
Both buildings have parking as well as street parking directly in front. These properties are block from bustling downtown Geneva and it’s renowned shopping, dining, river walking and biking trails, festivals and more. Over 25,000 Vehicles per Day pass though on STATE HIGHWAY 38.
Income information available upon request. Please do not disturb tenants and reach out to Corcoran Commercial Real Estate for any showings.
Ideal Corner lot, at a lighted intersection on the main drag through affluent downtown Geneva. This investment opportunity comes with 2 buildings.
- 825 W State St - 33 current tenants, including Huntington Learning Center, Midwest Grading and Hemming & Sylvester Real Estate. Most other tenants are single office users that have an average tenancy of over 4 years. Building is well maintained and operated by local owners and property management. Currently 2 vacant offices totaling 700 sqft. Most leases have the opportunity to rental increases for immediate return.
- 8 Richards St. - 2 tenants home with commercial office on the main floor and residential on the 2nd floor. Long standing tenant on the 2nd floor with month to month on the 1st floor.
LOCATION
Both buildings have parking as well as street parking directly in front. These properties are block from bustling downtown Geneva and it’s renowned shopping, dining, river walking and biking trails, festivals and more. Over 25,000 Vehicles per Day pass though on STATE HIGHWAY 38.
Income information available upon request. Please do not disturb tenants and reach out to Corcoran Commercial Real Estate for any showings.
PROPERTY FACTS
| Price | $2,225,000 | Number of Properties | 2 |
| Price / SF | $99.33 / SF | Individually For Sale | 0 |
| Cap Rate | 7.36% | Total Building Size | 22,400 SF |
| Sale Type | Investment | Total Land Area | 0.48 AC |
| Status | Active |
| Price | $2,225,000 |
| Price / SF | $99.33 / SF |
| Cap Rate | 7.36% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,400 SF |
| Total Land Area | 0.48 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 823-825 W State St, Geneva, IL 60134 | Office | 21,000 SF | 1920 | - |
| 8 Richards St, Geneva, IL 60134 | Office | 1,400 SF | 1920 | - |
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