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Mixed-Use

Downtown Geneva Mixed Use Building

319 W State St, Geneva, IL 60134

Listing Price: $5,889,000

Cap Rate
6.00%
Number of Suites
14
Gross SF
20,682
Rentable SF
20,682
Price/Gross SF
$284.74
Lot Size
0.52 acres
Year Built
1925

Investment Overview

Marcus & Millichap is pleased to present the Geneva Theater Building located on Route 38 (West State Street) in the bustling downtown of Geneva, Illinois. Geneva is in the far western suburbs, approximately 40 miles from the Chicago Loop. Geneva is a popular tourist destination with its scenic location along the Fox River and numerous shops and restaurants. There is an extensive bike trail system in Geneva including portions of the Fox River Trail and the Illinois Prairie Path. Geneva has an active historical society, the Geneva History Center, located in downtown Geneva, as well as the Fabyan Windmill, an old Dutch windmill dating back to the 1850s. The Geneva Theater Building is a retail/office complex of approximately 20,682 square feet of rentable space which is currently 100% occupied. Located on busy Route 38, it has an approximate car count of 30,000 vehicles per day. The property is highly visible to anyone traveling through Geneva. Current tenants include the Geneva Ale House and First State Bank among a variety of other mixed businesses providing for stability in the rent roll. Geneva is a highly desirable area to live. The downtown area is very walkable with many shops and restaurants and the Kane County Court House. Geneva as a city is extremely bikeable with several bike paths. There is a wide array of housing options with condos/apartments overlooking the Fox River and many historic homes and new construction within the downtown area.

Investment Highlights

  • 100% Occupied Mixed-Use | Office Retail
  • Located in the Heart of Downtown Geneva, Illinois
  • Leases have Escalations and Extension Options
  • Growing Household and Population in Nearby Area
  • Average Household Income is $131,428 Within One Mile of Property

Exclusively Listed By

Mixed-Use

Downtown Geneva Mixed Use Building

Listing Price: $5,889,000

Cap Rate
6.00%
Number of Suites
14
Gross SF
20,682
Rentable SF
20,682
Price/Gross SF
$284.74
Lot Size
0.52 acres
Year Built
1925

Investment Highlights

  • 100% Occupied Mixed-Use | Office Retail
  • Located in the Heart of Downtown Geneva, Illinois
  • Leases have Escalations and Extension Options
  • Growing Household and Population in Nearby Area
  • Average Household Income is $131,428 Within One Mile of Property

Investment Overview

Marcus & Millichap is pleased to present the Geneva Theater Building located on Route 38 (West State Street) in the bustling downtown of Geneva, Illinois. Geneva is in the far western suburbs, approximately 40 miles from the Chicago Loop. Geneva is a popular tourist destination with its scenic location along the Fox River and numerous shops and restaurants. There is an extensive bike trail system in Geneva including portions of the Fox River Trail and the Illinois Prairie Path. Geneva has an active historical society, the Geneva History Center, located in downtown Geneva, as well as the Fabyan Windmill, an old Dutch windmill dating back to the 1850s. The Geneva Theater Building is a retail/office complex of approximately 20,682 square feet of rentable space which is currently 100% occupied. Located on busy Route 38, it has an approximate car count of 30,000 vehicles per day. The property is highly visible to anyone traveling through Geneva. Current tenants include the Geneva Ale House and First State Bank among a variety of other mixed businesses providing for stability in the rent roll. Geneva is a highly desirable area to live. The downtown area is very walkable with many shops and restaurants and the Kane County Court House. Geneva as a city is extremely bikeable with several bike paths. There is a wide array of housing options with condos/apartments overlooking the Fox River and many historic homes and new construction within the downtown area.

Exclusively Listed By

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