411 Union St Geneva, IL 60134

Exceptional investment opportunity: a 37,000-square-foot freestanding industrial building situated on a 2.68-acre lot in Geneva, Illinois (60134). This single-tenant property, located at 411 Union St, boasts a strong 8.01% cap rate and a compelling asking price of $1,770,000 ($47.84/SF). The building, constructed in 1935, features one story and includes three loading docks, one drive-in door, and a ceiling height ranging from 12 to 17 feet. Heavy power is available. A new 10' x 10' storage shed enhances the property's functionality. The current tenant, Olon Industries, a well-established manufacturer of woodworking components (in business for over 40 years), occupies the space under a triple-net (NNN) lease. Their lease, signed in September 2024, extends to July 31, 2026, with two one-year renewal options. Olon Industries has made significant investments in the building's infrastructure, highlighting its importance to their North American operations. Under the NNN lease structure, the tenant is responsible for real estate taxes, insurance, and general maintenance; the landlord's responsibility is limited to roof maintenance. This property presents a rare chance to acquire a stable, income-producing asset with a long-term tenant and significant upside potential. Rent bumps are included in the lease agreement.