Geneva IL Real Estate & Commercial for Sale

Introducing a commercial real estate opportunity located in the heart of Downtown Geneva, IL. This prime property features a spacious 4,700 square foot building that is perfectly suited for investors and owner-users alike. With its strategic location, so close to the Metra station and impressive attributes, this property promises both an excellent investment and a valuable asset for those seeking a prominent presence in this vibrant community. One of the standout features of this property is the private parking available, ensuring convenient access for customers and visitors. Long term tenant secures stability for investors, the property comes with a tenant already in place with a lease agreement spanning the next 18 months. This built-in income stream provides a reassuring level of predictability for potential buyers.

Excellent opportunity in the heart of downtown Geneva, open to a variety of uses. Zoning allows for it's current use as office space and it is currently configured for multiple offices with conference room space. Modifications to the current space would allow for multi-family or for the increasing demand for bed and breakfast/ airbnb in historic downtown Geneva. Parking available in adjacent lot. Just steps from 3rd St shopping and restaurants as well as the Kane County Courthouse. This property is being offered "as is, where is".

This historic building in downtown Geneva is now available for its next owner! Once a Civil War era home, the property now showcases original woodwork, moldings, and natural wood floors, and the quaint structure has been well-preserved and maintained. The property boasts high ceilings and full basements, all adding to its charm and functionality. There are five rental units in total: 3 commercial units on the first floor and 2 apartments on the second. Two wings have been added over the years, creating additional/expanded spaces for the commercial tenants. Each wing has its own basement and 1/2 bath, providing convenience and flexibility for the tenants. The property's rental units are fully leased, ensuring a steady cash flow from the day of closing. The units include two second floor apartments that share a newer outside wood deck, which is great for summers, and the first floor is tenanted by a salon, an office space, and a very popular smoothie shop, all catering to a diverse range of businesses enjoying lots of downtown foot traffic. There is also plenty of diagonal street parking along N Second Street as well as a municipal parking lot across the street. The building's location is steadily expanding with significant capital investments being made by many property owners. Jump on the band wagon now and appreciate the benefits of commercial income-producing real estate in a fast-growing Fox River Valley Community. Further details and financial information can be found in the "Additional Information" section.