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.​