NEC of Route 31 & Ford Street - Residential LAND FOR SALE


Geneva, IL 60134 86,684 SF
$3,900,000 USD
630-294-0062
NEC of Route 31 & Ford Street, Geneva, IL for Sale
$3,900,000 USD
Residential LAND - FOR SALE
1/3
86,684 SF

NEC of Route 31 & Ford Street
Geneva, IL 60134


HIGHLIGHTS

  • Large Parcel Available in Downtown Geneva
  • Along Fox River and in close proximity downtown Geneva/Metra Station
  • Currently Zoned: D-MFR (Multi-Family Residential) and D-SFMR (Single Family Medium Density Residential)

OVERVIEW

As exclusive agent, Versa Real Estate Services is offering for a sale a rare opportunity to acquire the fee simple interest in 1.995 acres in Downtown Geneva along the Fox River, just a few blocks North of the Route 38 (State Street) Bridge. This assemblage of property is one of the remaining larger parcels available for redevelopment in downtown Geneva. Its location is ideally for redevelopment due to its proximity to the Fox River, Downtown Geneva and the Geneva Metra Station. The property is an assemblage of 9 parcels that make up the majority of a city block which includes Stevens Street to the North, Ford Street to the South, River Lane to the East and First Street (Route 31) to the West. Currently, there are a mix of residential and commercial structures on the land including 25,000 SF concrete loft warehouse used for manufacturing and distribution uses. The property for sale is also located within two zoning districts: D-MFR (Multi-Family Residential) and D-SFMR (Single Family Medium Density Residential). The area surrounding the property has seen a surge in redevelopment over the years including a 30+ unit townhouse project, a 5-unit attached housing project and a two city block multi-family condo project. It is also located within the Geneva Fox River TIF District potentially allowing for additional assistance from the City. In addition, the Downtown/Station Area Master Plan calls for up to 100 residential units on the property.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/ACRE

$1,959,808/AC

PRICE/SF

$45 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

2 Acres in Downtown Geneva Near Fox River

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Single Family Development, Single Family Residence

LAND ACRES

1.99 AC

LAND SF

86,684 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

D-MFR/ D-SMR

APN/PARCEL ID

12-03-280-003,12-03-280-004,12-03-280-005,12-03-280-006,12-03-281-001,12-03-281-004,12-03-281-005,12-03-281-006,12-03-281-007

ASK ABOUT THIS PROPERTY

Ryan MoenVersa Real Estate ServicesMore Info
630-294-0062

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Ryan MoenVersa Real Estate ServicesMore Info
630-294-0062

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