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
November 25, 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
77
Garage
No
View
No
County
Kane
Municipality
Geneva
Pool
No
Zoning
RTAIL
Listing History
Date | Event | Price |
|---|---|---|
9/26/2024 | Under contract | — |
9/17/2024 | Active | — |
9/6/2024 | Under contract | — |
Courtesy of GC Realty and Development, Maria Regalado,
Listing Contact: 630-460-8284
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Jan Mackey Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 11/25/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 5:07 PM UTC, 11/25/2024
