For Sale
426 S 3rd Street Unit# 1-2, Geneva, IL 60134
Overview
Property ID: 23370978
- Commercial Sale
- 1989
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
Address
Open on Google Maps- Address 426 S 3rd Street Unit# 1-2
- City Geneva
- State/county IL
- Zip/Postal Code 60134
- Country United States
Details
Updated on August 20, 2024 at 7:04 pm- Property ID: 23370978
- Price: $2,150,000
- Year Built: 1989
- Property Type: Commercial Sale
- Property Status: For Sale
- Living Area: 10555
- MLS#: MRD12107851
- Office Name: GC REALTY AND DEVELOPMENT
- Agent Name: Maria Regalado
- MLS Status: Active
- Living Area Prefix: SqFt
Additional details
- List Office MLSID: MRD1166
- List Agent MLSID: MRD261453
- List Date: 2024-07-12T16:08:47.000Z
- Roof: Composition
- Cooling: Central Air
- Tax Annual: 46918
- Tax Year: 2023
- Flooring: Varies
- County: Kane
- Property SubType: Medical,Other
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