Homes for sale - 426 S 3rd ST #1-2, Geneva, IL 60134

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$2,150,000

Est. payment - /mo

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10,555 SqFt

Active Under Contract

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

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Additional details

Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 886-4663

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

Listed by Maria Regalado • GC Realty and Development

Mario Bilotas

Managing Broker, CEO | License ID: 471016608

+1(847) 886-4663 | mario@fourdaughtersrealestate.com

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