Brian Thomas
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
PRIME DOWNTOWN GENEVA DEVELOPMENT OPPORTUNITY! Approx. 0.63-acre commercial site across from Kane County government offices and near Metra, downtown, Fox River, restaurants and retail. Currently operating as a car wash with potential for a new state-of-the-art car wash, automotive use, retail, restaurant, office, mixed-use or residential redevelopment, subject to zoning/approvals. Previous plans contemplated 5-story residential development of approx. 50-57 units. Seller reports environmental remediation complete with final EPA documentation available. Multiple possibilities in a strategic downtown location! Buyer to verify all uses, zoning and development potential with City of Geneva.
Property Highlights
Property Type: Commercial - Investment
Building Description: 1.0 stories
General Information
County: Kane
Listed By:
Coldwell Banker Realty
630-377-1771
MRED MLS
MLS ID: 12745232
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618-628 S First Street, Geneva, IL 60134.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,500,000 | $1,500,000 | $1,500,000 |
| Down Payment | $52,500 | $0 | $300,000 |
| Monthly Mortgage Amount | $9,189 | $9,685 | $7,585 |
| Taxes | $2088 | $2088 | $2088 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $900 | $0 | $0 |
| Monthly Estimated Total | $12,615 | $12,211 | $10,111 |
Brian Thomas
REALTOR®
Cell: (563) 495-1741
licensed in IA & IL
Clinton Office
301 North Second Street
Clinton, IA 52732
(563) 242-4602
Clinton, IA 52732
(563) 242-4602
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