715 E State Street, GENEVA IL 60134 Photo 1
Listing Courtesy of Coldwell Banker Honig-Bell

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715 E State Street - 14,600 sf mixed use building for sale at only $47.26 psf! 2500 sf of retail space available for lease at $8.00 psf! Frontage and display windows on State Street. Approximately 14,600 sf comprised of over 9000 sf on the first floor. Currently divided into a 2500 sf retail unit, 1114 sf retail unit, 1100 sf office/retail unit 4600 sf retail/warehouse unit and 4 second floor apartments. Attention investors - 8+ cap rate at list price! An owner occupant can experience positive cash flow without paying rent! Overhead door and parking in the rear. Great for retail, distribution, repair etc. High traffic count on Route 38 (State Street). Adjacent to CVS Pharmacy and close to Aldi. Possible TIF incentives and facade grant money available from the City of Geneva. You don't see opportunities like this often!

Listing information

  • MLS® ID: 09478484
  • Status: Active
  • New Construction: No
  • County: Kane
  • Style: Retail / Hospitality / Service
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1940
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $18,703

Features

Air Conditioning Window Unit/s
Approximate Age Older
Electrical Service Circuit Breakers
Fire Protection Alarm Monitored, Alarm On Site, Fire Extinguisher/s
Franchisor Feed(y/n) No
Frontage/Access State Road
Geographic Locale Far West
Heat/Ventilation Gas, Hot Water
Information None
Misc Inside Overhead Door/s
Other # Of Drive In Doors - 1, # Of TL Docks - 0, # Of Units - 8, Approx Total Bldg Sq Ft - 14600, Estimated Tax/Sf - 0, Gross Rental Income $ - 0, Monthly Rental Price - 1667, Net Oper Income $ - 0, Tax Year - 2015, Total Annual Exp - 0, Total Annual Income - 0, Total Monthly Income - 0, Township - Geneva, Zoning Type - Commr
Potential Use Commercial, Industrial/Mfg, Other, Residential-Multi-Family, Retail
Property Offered For Sale or Rent
Property Type Retail/Stores
Tenant Pays Varies by Tenant
Listing Courtesy of Coldwell Banker Honig-Bell