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124 S 2nd Street Geneva, IL 60134 Commercial - Retail Active

  • 124 S 2nd Street, Geneva, IL 60134 Main Photo

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Description

Don't miss the chance of a lifetime to own this incredible restaurant property located in the heart of downtown Geneva. This turnkey restaurant is situated in an unbeatable location just steps away from the fabled Third Street shopping district. The building was completely rehabbed in 2013 and received the Mayor's Choice Award. Nothing was left untouched except the charm and character of this stately and historic building. Features such as the wrap-around porch, hardwood floors, impressive millwork, two fireplaces, 12' ceilings, and 8' windows provide the type of ambiance that can't be duplicated. Currently set up with seating for at least 150 inside there is room for 130 more outside on the fenced, brick patio making the property great for events. There is a small building on the patio with a restroom and a bar and the grounds are impeccably landscaped. Featuring approximately 8000 sf of usable space on four levels the first floor is currently set up with table seating for 80 in four rooms, a bar, two ADA bathrooms, two fireplaces, a commercial kitchen with a black iron system, and a coffee room. The second floor has table seating for 70 more in three rooms, three bathrooms, an office, and a utility room. The heart of the building is lower level. With its new concrete floor, this area is set up perfectly for food prep, dishwashing, and storage with a large 27' x 18' storage room as well as a separate liquor room, linen room, and pantry. This is also where you will find two walk-in coolers, an ice machine, and the dishwasher (ice machine and dishwasher not included). Exterior access to the lower level provides the start for a smooth flow of food all the way to the table. The walk-up third floor is currently unfinished and utilized for storage. Infrastructure upgrades include a 4 main water line, 400 amp electrical service, three furnaces, one boiler, and three a/c units. All of the electrical and plumbing has been completely updated plus the building is sprinklered on all four levels. All FF&E is included.

Property Highlights

Property Type: Commercial - Retail
Building Description: 3.0 stories
Year Built: 1860

General Information

County: Kane
Listed By:
Coldwell Banker Real Estate Group 630-232-6900
MRED MLS
$2,895,000
Est. $19,512/mo
Active
SQUARE FEET4,626 MLS#12747807
STATUSActive PROPERTY TYPECommercial - Retail

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124 S 2nd Street, Geneva, IL 60134.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $2,895,000$2,895,000$2,895,000
Down Payment $101,325$0$579,000
Monthly Mortgage Amount $17,734$18,692$14,639
Taxes $4029$4029$4029
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,737$0$0
Monthly Estimated Total $24,344$23,565$19,512

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