$2,100,000

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

Price per sqft$198.96

Built in1989

Property size10,555 sqft

Property typeCommercial

Bought with Non Member with NON MEMBER and Listed by Maria Regalado with GC Realty and Development 630-460-8284

Overview

Sold

Closed

Listed Jul 12, 2024

Updated May 29

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

Additional information

MLS^® ID: 12107851

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.29 Acres

Other Property Details

Taxes: $46,918
Tax Frequency: Annually
Municipality: Geneva

Bought with Non Member with NON MEMBER and Listed by Maria Regalado with GC Realty and Development 630-460-8284

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