Vintage Multi-tenant Investment

314-316 Franklin Street Geneva, IL 60134

314-316 Franklin Street, Geneva, IL, 60134
314-316 Franklin Street, Geneva, IL, 60134 314-316 Franklin Street, Geneva, IL, 60134 314-316 Franklin Street, Geneva, IL, 60134
FOR SALE
Property Type:
Street Retail
Amount:
$545,000
Last Verified:
Apr 29, 2022

Highlights

  • Multi-tenant Commercial Investment
  • 100% Leased
  • Downtown Geneva Just Off Third Street
  • Walk to Metra Train
  • Public Parking Behind Building

Description

Multi-tenant, retail / residential investment property. 100% leased. Refurbished 1920 vintage residence. 2,440 sf 2-story main building. Winding Deer Path is the 1,510 sf retail tenant on the first floor and basement. 930 sf apartment on 2nd floor. The Treasure Shop is the retail tenant in the 380 sf "annex" building. 2021 Taxes: $12,018. PLEASE DO NOT DISTURB TENANTS OR CUSTOMERS.

In the heart of the unique Third Street shopping district in downtown Geneva. Just west of Graham's Chocolates. State Street (Rt. 38) to Third Street, south to Franklin, west to buildings on south side of street. Just 3 1/2 blocks to Metra commuter train station. Street parking & public lot behind the buildings.


Year Built: 1920
Building Size: 2820sq ft
Lot Size: 0.14 acres


Documents

314-316 Franklin - Sale Brochure

Map of 314-316 Franklin Street, Geneva, IL, 60134

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.