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426 S 3rd Street , 1-2

Geneva, IL 60134
  • $2,150,000
  • STATUS: Active Under Contract
  • ON SITE: 153 Days
  • MLS #: 12107851
Under Contract
$2,150,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1989
County:
Area:

School Ratings & Info

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

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© 2024 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-13T00:10:01.627 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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426 S 3rd Street , 1-2 Geneva, IL 60134

  • Price: $2,150,000
  • Status: Active Under Contract
  • On Site: 153 Days
  • MLS #: 12107851
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1989
Built
Neighborhood:
Kane
County:
Kane
Area:
Kane
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
Exterior Features

Docks None Exterior Building Type Combination Foundation Details Concrete Perimeter Frontage Type City StreetPublic RoadPaved Outdoor Parking 19-30 Spaces Roof Composition Roof Structure Pitched Water Drainage Storm Sewers

Interior Features

Cooling Central Air Flooring Varies Heat Ventilation Central Heat/Indiv ControlsForced AirGasHot Water Miscellaneous Inside Elevator/s FreightAccessible EntranceInside Corridor/sMulti-TenantPrivate Restroom/sBasement Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 10555 Contingency Attorney/Inspection Continue To Show Yes Current Use Commercial Electric Circuit BreakersSeparate Meters Fire Protection Alarm MonitoredFire Extinguisher/sSmoke or Fire ProtectorsSprinklers-Wet Gross Income 261538 Gross Scheduled Income 261538 Leasable Area 8945 Location Central Business DistrictCornerPublic Transport AvailHigh Traffic Area Mls Actual Status Contingent Net Operating Income 172734 Number Of Tenants 3 Operating Expense 88803 Property Offered For Sale Only Property Sub Type MedicalOther Rental Price 15 Tax Annual Amount 46918 Tax Year 2023 Tenant Pays Varies by Tenant Total Monthly Income 21795 Township Geneva Type Retail/Stores Utilities Electric to SiteGas to SiteWater-Municipal Zoning RTAIL

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of GC Realty and Development: 630-587-7400.


© 2024 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-13T00:10:01.627 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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4112C Fieldstone Road
Champaign IL, 61822