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426 S 3rd ST #1-2 Geneva, IL 60134
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Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 10,555 sqft
Price per Sqft $198
MLS Listing ID 12107851
Sold Date 02/05/25
Year Built 1989
Annual Tax Amount $46,918
Tax Year 2023
Lot Dimensions .60
Property Sub-Type Retail/Stores
Property Description
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
Location
State IL
County Kane
Area Geneva
Zoning RTAIL
Interior
Cooling Central Air
Flooring Varies
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Water-Municipal
Roof Type Composition
Building
Level or Stories 2
Structure Type Concrete,Frame
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