Owner-User or Investment Retail Building
219-221 W State Street
Geneva, IL 60134
- 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
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.