IL > Geneva
Geneva, IL 60134,426 S 3rd ST #1-2
Geneva, IL 60134,426 S 3rd ST #1-2
Geneva, IL 60134,426 S 3rd ST #1-2
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Jacqueline Knight

Jacqueline Knight

+1(608) 440-1740
$2,150,000
Est. payment /mo
10,555 SqFt
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UPDATED:

09/26/2024 06:46 PM

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 10,555 sqft

Price per Sqft $203

MLS Listing ID 12107851

Year Built 1989

Annual Tax Amount $46,918

Tax Year 2023

Lot Dimensions .60

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

Dwelling Type Retail/Stores

Level or Stories 2

Structure Type Concrete,Wood Frame

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Midwest Real Estate Data (MRED) IDX
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Maria Regalado • GC Realty and Development

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