Tammy Saia Contact Info:

Phone: (630) 570-2226

Email: tsaia@marcusmillichap.com
Tami Andrew Contact Info:

Phone: (630) 570-2179

Email: tandrew@marcusmillichap.com

Downtown Geneva Mixed Use Building
Downtown Geneva Mixed Use Building
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
319 West State Street, Geneva, IL 60134
Request Offering Memorandum





Market Summary
Price $5,889,000
Cap Rate 6.00%
NOI $353,368
Rentable SF 20,682 SF
Price per SF $284.74
Year Built/Renovated 1925/2003
Lot Size .52 Acres
Description
Marcus & Millichap is pleased to present The Geneva Theater Building located on route 38 (W 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.