426 S 3rd St - Storefront Retail/Office FOR SALE


Geneva, IL 60134
$2,150,000 USD
630-854-6317
426 S 3rd St, Geneva, IL for Sale
$2,150,000 USD
Storefront Retail/Office - FOR SALE
1/21
null | 8.03% Cap Rate

426 S 3rd St
Geneva, IL 60134


OVERVIEW

Introducing a prime investment opportunity at 426 S 3rd Street, Geneva, IL, this fully leased multi-tenant retail asset is offered at an 8.03% cap rate. The property spans 8,945 SF and features a mix of stable tenants, including Geneva Winery and Edward Jones, all of whom have 3% annual escalations and long-term leases. Additionally, 3 out of 4 tenants are on "Absolute NNN" terms, ensuring a current NOI of $172,734. Located in downtown Geneva, this asset offers excellent visibility and accessibility, making it a valuable addition to any portfolio.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

B4, Geneva

APN/PARCEL ID

12-10-202-009,12-10-202-010

ASK ABOUT THIS PROPERTY

Duke DennisGC Realty & Development LLCMore Info
630-854-6317

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Duke DennisGC Realty & Development LLCMore Info
630-854-6317

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