- For Sale $1,695,000
- Property Type Industrial - Manufacturing
- Property Size 37,000 SF
- Lot Size 2.68 Acre
- Property Tenancy Single Tenant
- Year Built 1935
- Year Renovated 1957
- Date Updated May 18, 2026
- Dock High Doors 2
- Grade Level Doors 1
- Office Area 1,500 SF
- Fire Sprinklers Other
- HVAC Other
Description
Located in the heart of Geneva. 4 min to Geneva train station (Union Pacific West Line). 15 min to I88 via Rt 31. 50 min to Chicago O'Hare International Airport.FOR SALE: Single tenant investment opportunity. 37,000sf industrial building on 2.68 acres. Heavy power. 3 docks and 1 drive-in door. Brand new cinder block storage shed. NFR letter from EPA on file.
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 two 1-year options. 6% annual rent increases. 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.
Highlights
- 6% annual bumps
- Long term, sticky tenant
- NNN lease with minimal landlord responsibilities
- Potential for future redevelopment
False
Contacts
Brian Lindgren
SVN | Landmark Commercial Real Estate
Location
Located at 411 Union St, Geneva, IL 60134, this property is part of the Downtown Geneva neighborhood and Chicago market.
Contact Listing Broker
Brian Lindgren
SVN | Landmark Commercial Real Estate
