Under contract

Contingent

426 S 3rd Street Unit: 1-2

Geneva IL, 60134

$2,150,000


$203.69 per sqft

Under contract

Contingent

10,555 sqft

Commercial

Built in 1989

Courtesy of GC Realty and Development

An exceptional investment opportunity. Current cap rate of 8.03% and a 10-year IRR of 15.94%. Fully leased with long-term, stable tenants, 3 of 4 on Absolute NNN terms all with 3% annual rent escalations. Steady income guaranteed. The strategic location within the thriving Chicago-Naperville-Elgin Metropolitan Statistical Area, combined with potential rental increases and market growth, positions this property for substantial value appreciation and robust returns for investors. Multiple PIN Numbers: 12-10-202-009 / 12-10-202-010

12107851

MLS ID

July 12, 2024

Listed

October 2, 2024

Updated

Map

426 S 3rd Street Unit: 1-2
Geneva IL, 60134

Interior Features

Total Stories

2


Floor Description

Varies


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.29 Acres


Roof

Composition

Other Property Details

Area Name

Geneva


Taxes

$46,918


Tax Frequency

Annually


Days on Market

77


Garage

No


View

No


County

Kane


Municipality

Geneva


Pool

No


Zoning

RTAIL

Listing History

Date

Event

Price

9/26/2024

Under contract

9/17/2024

Active

9/6/2024

Under contract

Courtesy of GC Realty and Development, Maria Regalado,
Listing Contact: 630-460-8284 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Kohler Group & The Jarnagin Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/2/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:25 AM UTC, 10/2/2024

 

 

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