27 N 2nd Street

Description

This historic building in downtown Geneva is now available for its next owner! Once a Civil War era home, the property now showcases original woodwork, moldings, and natural wood floors, and the quaint structure has been well-preserved and maintained. The property boasts high ceilings and full basements, all adding to its charm and functionality. There are five rental units in total: 3 commercial units on the first floor and 2 apartments on the second. Two wings have been added over the years, creating additional/expanded spaces for the commercial tenants. Each wing has its own basement and 1/2 bath, providing convenience and flexibility for the tenants. The property's rental units are fully leased, ensuring a steady cash flow from the day of closing. The units include two second floor apartments that share a newer outside wood deck, which is great for summers, and the first floor is tenanted by a salon, an office space, and a very popular smoothie shop, all catering to a diverse range of businesses enjoying lots of downtown foot traffic. There is also plenty of diagonal street parking along N Second Street as well as a municipal parking lot across the street. The building's location is steadily expanding with significant capital investments being made by many property owners. Jump on the band wagon now and appreciate the benefits of commercial income-producing real estate in a fast-growing Fox River Valley Community. Further details and financial information can be found in the "Additional Information" section.