Owner-User or Investment Retail Building

219-221 W State Street Geneva, IL 60134

219-221 W State Street, Geneva, IL, 60134
219-221 W State Street, Geneva, IL, 60134 219-221 W State Street, Geneva, IL, 60134 219-221 W State Street, Geneva, IL, 60134 219-221 W State Street, Geneva, IL, 60134 219-221 W State Street, Geneva, IL, 60134 219-221 W State Street, Geneva, IL, 60134 219-221 W State Street, Geneva, IL, 60134
FOR SALE
Property Type:
Street Retail
Amount:
$1,000,000
Last Verified:
Oct 14, 2021

Highlights

  • Two Unit Retail Building
  • One Leased; One Available
  • Central Downtown Location
  • Brick Facade & Large Display Windows
  • Prominent Rt. 38 Exposure
  • Hardwood Floors & 12 Ft-High Tin Ceilings
  • Easy Access to Public Parking

Description

Single-story retail building located in the heart of downtown Geneva. One space was recently leased to a high-end optical products shop due to open by year end. The other space is available for an owner-user or to lease. If fully leased at market rents, the property would be at approximately an 8% cap rate.

This well-built, 1925 commercial building features a brick facade and prominent display windows. The two 1,980 sf shop spaces feature large front showrooms, newer hardwood floors and 12 ft-high original tin ceilings. Basement space provides additional storage. Rear entrances at alley for deliveries. Est. operating expenses $7.15/sf. 2020 Taxes: $17,347

Downtown Geneva IL is one of the principal retail destinations in the region. State St (IL Rt 38) is a primary east-west corridor and the main street through town. The property is located just 2 blocks west of the Fox River bridge and 1/2 block east of Third St, a major element of the downtown retail area. Surrounded by shops, restaurants, office uses, etc. Traffic Counts (IDOT): 23,800 VPD. Population (5 mi): 130,182. Avg household income (5 mi): $108,247.


Year Built: 1925
Building Size: 3960sq ft
Lot Size: 0.11 acres

Map of 219-221 W State Street, Geneva, IL, 60134

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