124 S 2nd St | Geneva, IL 60134
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124 S 2nd St
Geneva, IL 60134
Geneva Restaurant · Retail Property For Sale
Investment Highlights
- Turnkey Restaurant
- All FF&E Included
- Complete Rehab 2013
- Outdoor Eating Area
Executive Summary
The Patten House is looking for a new owner! 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 just steps away from the fabled Third Street shopping district. This is an unbeatable location! 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 bathroom and a bar and the grounds are impeccably landscaped. Featuring approximately 8000 sf of useable 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 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 utilitized 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. List price is subject to offer.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 SF
Building Class
B
Year Built
1860
Price
$3,900,000
Price Per SF
$488
Tenancy
Single
Building Height
3 Stories
Building FAR
0.45
Lot Size
0.41 AC
Zoning
D-RSCM - Commercial - Restaurant
Frontage
336 FT on South 2nd Street
Amenities
- Restaurant
- Air Conditioning
PROPERTY TAXES
Parcel Number | 12-03-453-012 | Improvements Assessment | $173,477 |
Land Assessment | $112,099 | Total Assessment | $285,576 |
PROPERTY TAXES
Parcel Number
12-03-453-012
Land Assessment
$112,099
Improvements Assessment
$173,477
Total Assessment
$285,576
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