516-522 W State St - Storefront FOR SALE


Geneva, IL 60134
$685,000 USD
312-957-7196
516-522 W State St, Geneva, IL for Sale
$685,000 USD
Storefront - FOR SALE
1/7
null | 6.17% Cap Rate

516-522 W State St
Geneva, IL 60134


HIGHLIGHTS

  • E-Commerce Resistant Investment
  • Upside Potential
  • Strategic Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-tenant retail center located at 516-522 W State Street in Geneva, Illinois (the “Property”). The retail center contains 3,370 square feet of gross leasable area on a 0.16-acre parcel. 516-522 W State Street is comprised of three (3) units and is 100% occupied by e-commerce resistant tenants and a complimentary mix of local businesses offering products and services for the surrounding community. The retail center is prominently located along W State Street (IL Route 38), one of the area’s busiest commercial and commuter thoroughfares. The Property is in Downtown Geneva and is convenient to S Randall Road, which is home to the area’s primary commercial district featuring Meijer, Lowe’s Costco, and several large shopping centers, all of which drive traffic to the area. The Property is convenient to residential neighborhoods, area schools, major employers, and the Northwestern Medicine Delnor Hospital creating a steady built-in customer base. The location offers access to public transportation (a Pace bus stop in front of the Property and the Geneva Metra Station, 0.5 miles away) and area highways including IL Routes 25, 31 and 64, further enhancing connectivity to the surrounding western suburbs and the broader Chicago metropolitan area. Geneva is located approximately 40 miles west of Chicago’s Central Business District.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

6.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

516-522 W State St

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

D-CM

APN/PARCEL ID

12-03-335-003

ASK ABOUT THIS PROPERTY

Sean SullivanHorvath & TremblayMore Info
312-957-7196

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Sean SullivanHorvath & TremblayMore Info
312-957-7196

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