500 Lark St - Freestanding FOR SALE


Geneva, IL 60134
$700,000 USD
630-669-1414
500 Lark St, Geneva, IL for Sale
$700,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

500 Lark St
Geneva, IL 60134


HIGHLIGHTS

  • Vintage Freestanding Multi-Unit Retail Building
  • Randall Rd Corridor. Corner location at Keslinger Rd
  • Across From Northwestern Medicine Delnor Hospital
  • A new 13,600 sf daycare is planned across Lark St
  • Owner's Pizza Restaurant, and Tenant's Balloon Shop
  • Lower Level At-Grade Garage/Storage

OVERVIEW

Vintage (1935) multi-unit, corner retail building consisting of owner's pizza restaurant, plus a retail tenant. Flexibilty to allow 1-4 units. Owner/user opportunity for restaurant plus rent income. Onsite private parking. Contact broker for additional details. PLEASE DO NOT DISTURB BUSINESSES OR CUSTOMERS. RESTAURANT: Approx. 1,450 sf, 2nd-generation restaurant space currently set up for carry-out only. Former dining area (approx. 450 sf) could be easily added for sit-down. Existing equipment available. Drive-thru potential. RETAIL: Approx. 1,400 sf tenant space currently occupied by a party balloon shop. Could be divided. LOCATION: Located Geneva IL, an upscale community in west-suburban Chicago. Corner property at Keslinger Rd, just west of Randall Rd, the primary regional commercial corridor thru Kane County. Directly across from south entrance to Northwestern Medicine Delnor Hospital. A new 13,600 sf daycare is planned across Lark St. Surrounded by strong mix of suburban residential, medical, retail, office, and service businesses. Demographics (5 mi): Population - 111,000, Avg HH Income: $161,000. Traffic counts (VPD) - Randall Rd: 31,500, Keslinger Rd: 10,700. EXTRA: Large lower level garage/storage/work space with rear, at-grade, access and two overhead doors. Former dining room is currently rented (mo-mo) by retail tenant. The tenant also rents part of basement storage.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Unit Retail / Restaurant Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

B-4

APN/PARCEL ID

12-08-200-060

ASK ABOUT THIS PROPERTY

Neil JohnsonSVN Landmark Commercial Real EstateMore Info
630-669-1414

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Neil JohnsonSVN Landmark Commercial Real EstateMore Info
630-669-1414

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.