Value-Add Retail & Office Investment

306-318 W State Street, Geneva, IL 60134

  • For Sale Subject to Offer
  • Property Type Retail - Street Retail
  • Property Size 15,720 SF
  • Lot Size 0.26 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1925
  • Date Updated Mar 29, 2025
Located in downtown Geneva IL, the property is just 4 blocks west of the Fox River bridge and 1/2 block west of Third Street, a major element of the downtown retail area. Geneva IL, in central Kane County, is an upscale suburb about an hour west of Chicago. The area is recognized for the scenic Fox River, beautiful open spaces, and a diverse economy. Downtown Geneva is one of the principal boutique retail destinations in suburban Chicago, and is teeming with unique shops and restaurants. State Street (IL Rt 38) is a primary east-west corridor and the main street through town. Traffic Counts (IDOT): 23,800 VPD. Population (5 mi): 109,842 . Avg household income (5 mi): $168,277.VALUE-ADD INVESTMENT OPPORTUNITY: 306-318 W State St is a vintage, mixed-use 15,720 sf, two-story masonry commercial building in the heart of downtown Geneva. The first floor is occupied by six retail tenants: a restaurant & brewery, candle shop, Scandinavian gifts, photography studio, popcorn store, and garlic shop. The second floor consists of multiple office suites of various sizes, and is more than 50% vacant. Built in 1925 by the seller’s great grandfather, the building offers classic character in a prime location. This property has positive initial cash flow, plus excellent income upside with upgrades and active leasing of the 2nd floor office space. Flexible D-CM zoning (Downtown Commercial Mixed-Use). 2023 Taxes: $45,464. The property was recently awarded a federal grant of up to $101,000+ for masonry façade restoration and fire safety improvements to be made in 2025. Note that two other nearby buildings are also being offered for sale by the same seller.
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Highlights

  • Mixed-use 15,720 SF two-story commercial building
  • Prime location in the heart of downtown Geneva
  • Six retail tenants on street level
  • Second floor has office space with more than 50% vacancy
  • Built in 1925, features classic character and appeal
  • Flexible D-CM zoning
  • Recently awarded grant for façade & fire-safety upgrades
  • Prominent signage opportunities for maximum visibility
  • Convenient access to local amenities and major thoroughfares

Contacts

broker

SVN | Landmark Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable
  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Geneva, IL
  • Neighborhood Downtown Geneva
  • Zip Code 60134
  • Market Chicago

Points of Interest

  • Geneva

    0.46 miles

  • La Fox

    5.31 miles

  • West Chicago

    5.65 miles

  • Winfield

    7.89 miles

  • Elburn

    8.02 miles

  • Aurora

    8.75 miles

  • Route 59

    9.17 miles

  • Bartlett

    9.65 miles

  • Citgo

    0.46 miles

  • Fuller's

    1.27 miles

  • BP

    1.47 miles

  • Mobil

    1.50 miles

  • Amstar

    1.64 miles

  • Meijer

    1.88 miles

  • Costco Gasoline

    2.25 miles

  • Mobil/7-Eleven

    2.35 miles

  • Tesla Supercharger

    6.68 miles

  • Aurora Supercharger

    8.80 miles

  • Geneva Parking Garage

    0.41 miles

  • 1st Street Parking Deck

    1.71 miles

  • Car Park Area

    3.38 miles

  • Kerr-McGee Student Parking Lot

    5.22 miles

  • Parking for North Aurora town hall building

    5.57 miles

  • Fearn Teachers Parking Lot

    5.86 miles

  • Fearn Parking lot

    5.90 miles

  • Parking Lot B

    7.00 miles

  • Parking Lot E

    7.01 miles

  • Parking Lot C

    7.03 miles

  • Stockholm's

    0.00 miles

  • Niche

    0.02 miles

  • Aurelio's Pizza

    0.04 miles

  • Gia Mia

    0.06 miles

  • craft urban

    0.06 miles

  • Nosh

    0.07 miles

  • Bien Trucha

    0.08 miles

  • Bangkok Thai

    0.12 miles

  • Cravings Noodles and Rice

    0.13 miles

  • Sergio's Cantina

    0.17 miles

  • ALDI

    1.03 miles

  • Jewel-Osco

    1.83 miles

  • The Fresh Market

    1.94 miles

  • Meijer

    2.00 miles

  • Ross

    2.05 miles

  • Trader Joe's

    2.27 miles

  • Toys'n Hobbies 4 All

    2.30 miles

  • Burlington

    2.31 miles

  • Fresh Thyme

    2.32 miles

  • Walmart Supercenter

    2.56 miles

Frequently Asked Questions

How much does Value-Add Retail & Office Investment cost?

The sale price for Value-Add Retail & Office Investment is available upon request. Contact the listing broker for more information.

What is the total square footage of Value-Add Retail & Office Investment?

Value-Add Retail & Office Investment totals 15,720 square feet.

When was this property built?

Value-Add Retail & Office Investment was built in 1925.

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Contact Listing Broker
broker

SVN | Landmark Commercial Real Estate

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