Fully Leased Retail Building - 219-221 W State Street, Geneva, IL 60134

Downtown Geneva IL is one of the principal suburban retail destinations in the region. State St (IL Rt 38) is a primary east-west corridor and the main street through town. The property is located just 2 blocks west of the Fox River bridge and 1/2 block east of Third St, a major element of the downtown retail area. Surrounded by shops, restaurants, office uses, etc. Traffic Counts (IDOT): 23,800 VPD. Population (5 mi): 130,182. Avg household income (5 mi): $108,247. Fully-leased. Vintage 2-unit retail building located in the heart of downtown Geneva. One space is occupied by "Blinka", a high-end optical shop. The other space is occupied by "Exchange of Geneva", a children's consignment shop. Gross leases. The cap rate will be approx. 8.34% effective Oct 2022. PLEASE DO NOT DISTURB TENANTS OR CUSTOMERS This well-built, 1925 commercial building features a brick facade and prominent display windows. The two 1,980 sf shop spaces feature large front showrooms, newer hardwood floors, and 12 ft-high original tin ceilings. Basement space provides additional storage. Rear entrances at alley for deliveries. Est. operating expenses $7.15/sf. 2021 Taxes: $17,534