Under contract
Contingent
426 S 3rd Street Unit: 1-2
Geneva IL, 60134
$2,150,000
$203.69 per sqft
Under contract
Contingent
10,555 sqft
Commercial
Built in 1989
Courtesy of GC Realty and Development
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
12107851
MLSⓇ ID
July 12, 2024
Listed
September 6, 2024
Updated
Map
426 S 3rd Street Unit: 1-2
Geneva IL, 60134
Interior Features
Total Stories
2
Floor Description
Varies
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Roof
Composition
Other Property Details
Area Name
Geneva
Taxes
$46,918
Tax Frequency
Annually
Days on Market
57
Garage
No
View
No
County
Kane
Municipality
Geneva
Pool
No
Zoning
RTAIL
Listing History
Date | Event | Price |
---|---|---|
9/6/2024 | Under contract | — |
Courtesy of GC Realty and Development, Maria Regalado,
Listing Contact: 630-460-8284
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Data last updated 11:18 PM UTC, 9/6/2024