411 Union St - Manufacturing FOR SALE


Geneva, IL 60134
$1,770,000 USD
630-487-9433
411 Union St, Geneva, IL for Sale
$1,770,000 USD
Manufacturing - FOR SALE
1/8
null | 8.01% Cap Rate

411 Union St
Geneva, IL 60134


OVERVIEW

PRICE REDUCED! Now asking $1,770,000 for this 37,000sf freestanding industrial building on 2.68 acres. 3 docks and 1 drive-in door. Heavy power. 12' to 17' clear. Brand new 10'x10' storage shed in rear. The tenant, Olon Industries, manufactures woodworking components for furniture and cabinets, and has been in business for over 40 years. They have been tenants since 2007, and signed a new 3-year lease in September 2024 with (2) 1-year options. Tenant has invested heavily in the building infrastructure as it is a critical part of their North American operations. Under the triple net lease structure, the tenant pays for real estate taxes, insurance, and general maintenance; landlord is only responsible for the roof.

FOR SALE DETAILS

PRICE

$1,770,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

UTILITIES

-

CLEAR CEILING HT

17 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.68

LAND SF

116,563

ZONING

-

APN/PARCEL ID

12-03-226-002,12-03-226-003

ASK ABOUT THIS PROPERTY

Brian LindgrenSVN | Landmark Commercial Real EstateMore Info
630-487-9433

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Brian LindgrenSVN | Landmark Commercial Real EstateMore Info
630-487-9433

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.