411 Union St
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411 Union St
37,000 SF Industrial Building Geneva, IL 60134 $1,770,000 ($48/SF) 8.01% Cap Rate
Executive Summary
PRICE REDUCED! Now asking $1,770,000 for this 37,000sf freestanding industrial building on 2.68 acres. 3 docks and 1 drive-in door. Heavy power. 12' to 17' clear. Brand new 10'x10' storage shed in rear.
The tenant, Olon Industries, manufactures woodworking components for furniture and cabinets, and has been in business for over 40 years. They have been tenants since 2007, and signed a new 3-year lease in September 2024 with (2) 1-year options. Tenant has invested heavily in the building infrastructure as it is a critical part of their North American operations. Under the triple net lease structure, the tenant pays for real estate taxes, insurance, and general maintenance; landlord is only responsible for the roof.
The tenant, Olon Industries, manufactures woodworking components for furniture and cabinets, and has been in business for over 40 years. They have been tenants since 2007, and signed a new 3-year lease in September 2024 with (2) 1-year options. Tenant has invested heavily in the building infrastructure as it is a critical part of their North American operations. Under the triple net lease structure, the tenant pays for real estate taxes, insurance, and general maintenance; landlord is only responsible for the roof.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Olon Industries Inc
- Manufacturing
- 37,000 SF
- -
- Triple Net
- Jul 2026
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Olon Industries Inc | Manufacturing | 37,000 SF | - | Triple Net | Jul 2026 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $325,110 | |
| Land Assessment | $186,507 | Total Assessment | $511,617 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$186,507
Improvements Assessment
$325,110
Total Assessment
$511,617
-
Brian Lindgren -
SVN | Landmark Commercial Real Estate
(630) 938-4950
x305
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411 Union St
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