1250 Executive PlGeneva, IL 60134

For Sale
$420,000

Three-unit commercial condo, high cash flow, prime location.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a three-unit commercial condo located at 1250 Executive Place, Unit 301-302, in the vibrant city of Geneva, Illinois. The property boasts a total of 3,120 square feet, with each unit encompassing approximately 1,040 square feet. Each unit is thoughtfully designed with three spacious private offices, multiple waiting areas, convenient in-unit kitchenettes, and updated powder rooms. The property benefits from a central location, just a short distance from Geneva's historic downtown business center, ensuring high visibility and accessibility for tenants. The building's mechanical systems are in excellent working order, including the air conditioning, furnace, and water heaters for all three units. Currently, the property enjoys nearly full occupancy with long-term tenants, generating a substantial annual income of $36,600. However, with the potential to increase rental rates, the property's annual income could reach $49,200. This presents a compelling opportunity for investors seeking a stable, high-cash-flow investment in a desirable location. The property is offered at $420,000, representing a strong return on investment. This is a rare chance to acquire a well-maintained, income-producing commercial property in a thriving business district.

Property Details for 1250 Executive Pl

Property type
Residential income properties, Multifamily properties
Square Feet
3,120 SF
Year Built
1980

Location Insight

City
Geneva
County
Kane
State
Illinois
Latitude
41.8877
Longitude
-88.28117
1250 Executive Pl, Geneva, Illinois

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1250 Executive Pl
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