502 State StGeneva, IL 60134

For Sale
$1,250,000

3,452 SF Office, Route 38 Frontage

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 3,452 square foot freestanding office building presents a unique investment opportunity in the thriving city of Geneva, Illinois. Located at 502 E State Street, this two-story property boasts a highly desirable location on Route 38, offering over 100 feet of prominent road frontage. Built in 2001, the building is zoned B3E (Business) and sits on a sizable 0.48-acre corner lot, providing ample space and visibility. The property's versatility is highlighted by its suitability for various office uses, including executive, medical, and traditional office spaces. A significant advantage is the presence of a private parking lot, ensuring convenient parking for tenants and visitors. The building's strategic location offers easy access to a variety of national retail stores, including Dunkin' Donuts, ALDI, and CVS, enhancing its appeal and attracting a wider pool of potential tenants. Furthermore, the property benefits from low Kane County taxes, making it a financially attractive investment. The asking price is $1,250,000, translating to $362.11 per square foot. This represents a compelling opportunity to acquire a well-situated, versatile office building in a vibrant and growing market. The property's combination of location, size, and amenities makes it an ideal investment for both owner-occupiers and investors seeking strong returns.

Property Details for 502 State St

Property type
Other office properties, Medical offices
Square Feet
3,452 SF
Year Built
2001
Buildings
1
Stories
2
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Geneva
County
Kane
State
Illinois
Latitude
41.8860564
Longitude
-88.2946535
502 State St, Geneva, Illinois

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502 State St
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