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$2,100,000
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Property Description
PREMIER location in the heartbeat of downtown GENEVA- a charming Western Suburb nestled on the Fox River and a coveted dining/shopping/entertainment DESTINATION city. PRIME Third Street property totally renovated and expanded from the original bungalow style house exploding with character, integrity and spaciousness. Expansion completed in 2000 by Hogan Design & Construction, an outstanding Geneva builder noted for superior quality and attention to detail. **Turn Key building with 5 year NEW Mechanicals- HVAC/AC, Plumbing, Electrical, Roof, Fixtures, 3 Level Elevator (a RARE offering downtown Geneva), Sprinkler System, 3 Private Meeting Rooms, Event Room, 4 Public Washrooms, 2 Outdoor Patio Spaces, Professional Landscaped Gardens and Lighting, State of the Art Sound System throughout - fully ADA Compliant. **Equipped with an expansive Commercial Kitchen, 18 ft. Industrial Hood, Walk-in Freezer/Refrigeration - EVERY Chef's DREAM! Expansive Basement w/Elevator, Exterior access and Food Grade Storage Area, Breakroom, Draught System, Additional Storage. ALL the major work has been done for you! Take your Restaurant concept to the next level with this unique 6660 SF space featuring a highly desired (and rarely found in Geneva) 2nd Floor Event Space for additional seating, parties, gatherings, showers, etc. Establish your DREAM Business in GENEVA - voted the PREMIER community for dining, shopping and festivals in the "BEST of the WEST" survey by West Suburban Living 2024. You won't be disappointed! Schedule your private tour today!
Full Property Details
Full Property Details for 318 S 3rd St
General
- Sold For: $2,100,000
- Taxes: $34,358 (2023)
- Status: Closed
- Type: Commercial Service
- Source: MRED
- MLS ID: 12275842
- Added to Site: 357 day(s) ago
Interior
- Interior Features: Freight Elevator(s), Accessible Entrance, Accessible Washroom/s, Public Restroom(s), Storage Inside, Basement
- Flooring: Wood
Additional Information
- Security/Safety: Alarm Monitored, Sprinklers (Wet)
Location
- Area: Geneva
- County: Kane
- Driving Directions: Route 38 to downtown Geneva to Third Street (south) to address
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Foundation: Concrete Perimeter
- Sub-Flooring: Wood
- Stories/Levels: 2
- Square Feet: 6,660
- Year Built: 1918
Lot Features
- Lot Size (Sq. Ft.): 7,800
- Lot Dimensions: .18 ACRE
- Zoning: COMMR
Green Features
- Energy Efficient: Water Heater
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored, Sprinklers-Wet
- Assessment Year: 1918
- Tax Amount: $34,358.94
- Tax Year: 2023
Disclosures and Reports
- Documents Avail.: Floor Plan, Existing Survey
- Property ID: 1203460009
Listed and Sold by Connect Realty.com, Inc.
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Schools
Schools serving 318 S 3rd St
School District:Geneva Community Unit School District 304
| Name | Grades | Distance |
|---|---|---|
Williamsburg Elementary School 1812 Williamsburg Avenue, Geneva, IL 60134 | K-5 | 1.1 mi |
Geneva Community High School 416 McKinley Avenue, Geneva, IL 60134 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 318 S 3rd St
Date
Details
Price
Change
Source
7/01/2025
Sold
$2,100,000
-8.7%
MLS
1/29/2025
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
318 S 3rd Street, Geneva, IL 60134 (MLS# 12275842) is a Commercial Service property that was sold at $2,100,000 on July 01, 2025. Want to learn more about 318 S 3rd Street? Do you have questions about finding other Commercial Service real estate for sale in Geneva? You can browse all Geneva real estate or contact a Coldwell Banker agent to request more information.

