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942 E State Street Geneva, IL 60134 Commercial - Office Active

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Description

This property offers high visibility on East State Street, Route 38, at the signaled intersection with East Side Drive. Owner is retiring from the construction business. The purchaser of his business may wish to remain as a tenant once the sale has closed. Current rent for Unit B is $3300 monthly. Unit A, 2 story office space most recently rented for $1625 on a month to month basis. The property consists of a one and two-story masonry, frame and vinyl sided office/commercial building built in approimately 1920 and 2002. The front section,1472. sq. ft.vinyl siding over frame, is the older section. The rear section,2550 sq. ft., vinyl sided over concrete block, was added in 2002. The building has two gas-fired, forced air furnace units providing heat and air conditioning. The open area has a gas-fired suspended heater, no air conditioning. There is a 400 ampere main circuit breaker electrical service with individual panels for each unit.

Property Highlights

Property Type: Commercial - Office
Building Description: 2.0 stories
Year Built: 1920

General Information

County: Kane
Listed By:
Berkshire Hathaway HomeServices Starck Real Estate 630-377-9200
MRED MLS
$680,000
Est. $4,406/mo
Active
SQUARE FEET3,244 MLS#12484482
STATUSActive PROPERTY TYPECommercial - Office

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942 E State Street, Geneva, IL 60134.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $680,000$680,000$680,000
Down Payment $136,000$23,800$170,000
Monthly Mortgage Amount $3,262$4,057$4,201
Taxes $946$946$946
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$299$0
Monthly Estimated Total $4,406$5,500$5,345

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