302 River LnGeneva, IL 60134

Property Details for 302 River Ln

Year built

1955

Lot size

0.28 AC

Property size (Sq ft)

35,053 SF

Property type

Industrial properties

APN

12-03-281-004

APU

1203281004

Description

This exceptional 1.99-acre property in downtown Geneva, Illinois, presents a rare redevelopment opportunity. Situated along the Fox River and just blocks from the Route 38 bridge and Geneva Metra station, this assemblage of nine parcels (APN: 12-03-281-001, 12-03-280-004, 12-03-280-003, 12-03-280-005, 12-03-281-006, 12-03-281-005, 12-03-281-007, 12-03-281-004, 12-03-280-006) comprises the majority of a city block, bordered by Stevens Street to the north, Ford Street to the south, River Lane to the east, and First Street (Route 31) to the west. The site currently features a mix of residential and commercial structures, including a 25,000-square-foot concrete loft warehouse. Zoned D-MFR (Multi-Family Residential) and D-SFMR (Single Family Medium Density Residential), this location offers significant potential for high-density residential development. The area has experienced substantial recent redevelopment, including multi-family and townhouse projects. The property's location within the Geneva Fox River TIF District may provide additional development incentives. The Downtown/Station Area Master Plan envisions up to 100 residential units on this site. Asking price is $3,900,000. Address: 302 N River Ln, Geneva, IL 60134.

• Alternative Use

  Use

  Valuation

  Residential

  $7,244,540

  Hospitality

  $6,635,960

  Educational

  $5,521,040

  Medical

  $5,710,918

  Retail

  $8,588,285

Location Insight

City

Geneva

County

Kane

State

Illinois

Latitude

41.8909

Longitude

-88.3032

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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