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415 W State St
Geneva, IL 60134
Retail Property For Sale


Investment Highlights
- Prime Downtown Geneva Historic District Retail Property with Exceptional Foot & Vehicle Traffic
- Long-Term Anchor Tenant Secured Through 2031
- Rare Onsite Parking - 27 Surface Spaces
- 100% Leased to Three Established Local Tenants with Gross Leases
- Mark-to-Market Upside on 2028 Lease Rollovers
- Recent Capital Improvements
Executive Summary
Interra Realty has been exclusively engaged to market for sale the retail property located at 415 West State Street in Geneva, IL. The property is a 7,959 SF brick retail center comprised of five (5) suites and is currently 100% leased to three (3) established local tenants. The property also includes twenty-seven (27) dedicated surface parking spaces, a rare amenity for a downtown Geneva retail asset. The property has been well maintained by current ownership, with a complete building remodel and upgrade in 2008 and four (4) new HVAC condensers installed in 2025.
The property is prominently positioned in Downtown Geneva's Historic District on West State Street (Route 38) near 3rd Street, one of the highest trafficked retail corridors in Geneva and the primary east-west arterial through the downtown core. Tenants and customers benefit from immediate proximity to Geneva's Third Street shopping and dining district, the Geneva Metra Station, and the Fox River. The property is also strategically located near Routes 31 and 64, providing easy access to St. Charles, Batavia, and the broader Fox Valley. The surrounding trade area is densely populated and affluent, with 85,000 residents between Geneva, Batavia, and St. Charles.
The property is prominently positioned in Downtown Geneva's Historic District on West State Street (Route 38) near 3rd Street, one of the highest trafficked retail corridors in Geneva and the primary east-west arterial through the downtown core. Tenants and customers benefit from immediate proximity to Geneva's Third Street shopping and dining district, the Geneva Metra Station, and the Fox River. The property is also strategically located near Routes 31 and 64, providing easy access to St. Charles, Batavia, and the broader Fox Valley. The surrounding trade area is densely populated and affluent, with 85,000 residents between Geneva, Batavia, and St. Charles.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,959 SF
Building Class
B
Year Built/Renovated
1950/2008
Price
$2,467,500 CAD
Price Per SF
$310.03 CAD
Cap Rate
7.20%
NOI
$177,660 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.18 AC
Parking
27 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
53’ on W State St
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 12-03-409-009 | Improvements Assessment | $379,170 CAD |
| Land Assessment | $73,653 CAD | Total Assessment | $452,823 CAD |
Property Taxes
Parcel Number
12-03-409-009
Land Assessment
$73,653 CAD
Improvements Assessment
$379,170 CAD
Total Assessment
$452,823 CAD
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