Geneva, IL 60134 210 W State Street
$1,800,000
Sold: Jun 26, 2023



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Presented By: Coldwell Banker Real Estate Group
Home Details
Don't miss the chance of a lifetime to own this landmark retail building in desirable downtown Geneva. With potential for two retail store fronts this is an unbeatable location in the middle of everything that downtown Geneva has to offer. The versatile D-CM zoning allows for a variety of mixed use development that can provide an exponential return on investment for the right buyer including second floor condos or apartments. Updates to the roof in 2022 qulaify for a 20 year warranty. A newer elevator serves all three levels and the building is fully sprinklered. Features include prominent display windows on State St, distinctive and historic interior finishes and original narrow plank hardwood flooring (refinished in 2020) not to mention gorgeous original tin ceilings and millwork. Currently set up for retail use there are multiple showrooms on the first and second floors, dedicated office space and kitchen facilities. The basement is clean, dry and suitable for showroom display, production and storage. Three levels comprised of 16,500 sf total lends itself to uses such as an event center, brewery, restaurant, furniture store, retail store and more. The original building is 8575 sf above grade plus a 4105 sf basement. An addition was added in 2001 consisting of 2590 sf on two levels and a 1230 sf basement. Mechanical and electrical systems have been updated. A possible leaseback by Geneva Design House/Strawflower Shop, a long standing anchor business to the downtown area provides an opportunity for immediate cash flow. Tenant can also downsize or vacate for an owner user or full building development. Owner is open to strategic partnerships and creative ideas. Plans are on file for condo development of the second floor.
Presented By: Coldwell Banker Real Estate Group
General for 210 W State Street
Additional Parcels Y/NNo
CityGeneva
Close Price1650000
CoolingCentral Air
CountyKane
Days on Market52
DirectionsWest State St (Route 38) downtown Geneva between 2nd and 3rd Street on the South side of the street
ElectricCircuit Breakers, Service - 201 to 600 Amps
Leasable Area
Lot Size Square Feet7406
MLS AreaGeneva
Net Operating Income
Property SubTypeOther
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusClosed
StatusClosed
Stories2
Street NameState
Tax Annual Amount32680
Tax Year2021
Tenant PaysOther
Year Built1910
ZoningOTHER
Interior for 210 W State Street
FlooringWood
Street SuffixStreet
Exterior for 210 W State Street
Building Area Total11306
Lot Dimensions138X48X138X48
