GENEVA – Several large and some historic properties are for sale in Geneva’s downtown, all listed by Mark Coleman of Coleman Land Company, St. Charles.
The former Erday’s Men’s Store property is for sale, including the location at 301 W. State, Geneva, which is listed for $1.2 million and has 6,000 square feet on the first floor, Coleman said.
Perlman Fine Jewelry leases the space, but the owners are going to retire, officials said.
Erday’s had been a men’s clothing store in downtown Geneva from 1925 until it closed in 2013.
“It has a variety of uses, retail or restaurants,” he said.
The 10 N. Third St. property is listed for sale at $1.1 million, he said.
A third building owned by the Erday family is at 316 Hamilton St., Geneva, and is occupied by a dentist’s office, Coleman said.
That property is listed at $395,000, he said.
Other properties in a one-block radius include the Smith, Landmeier and Elders law office at 15 N. Second St., Geneva, for $420,000, he said. Vincent Elders is the last remaining attorney in the building, Coleman said.
Built in 1928, it would be perfect to continue as a law office, Coleman said.
“A rainmaker could set it up and attract other attorneys and continue to perform as a downtown Geneva beehive of attorneys,” Coleman said.
A historic limestone building at 123 W. State St., Geneva, was built in 1848 and is currently occupied by Ivy Love Clothing Store and Hair Boutique, Coleman said. Sheriff Bartholomew C. Yates, elected in 1848 and one of the first owners of the building, hired Allan Pinkerton to investigate horse rustling, Coleman said.
“He got good results,” Coleman said. “Then he sent Pinkerton to go undercover after a counterfeiting ring in West Dundee. They were minting counterfeit coins.”
Pinkerton was later hired as security for President Abraham Lincoln when he went from Illinois to Washington, D.C., during his second term. Later, Pinkerton was hired by the railroads to deal with western train robbers, Coleman said.
The historic building is listed for sale at $859,000, Coleman said.
The building was totally revamped inside by an investor from Australia with all new floors, walls, HVAC and bathrooms, Coleman said.
The fact that so many properties have become available so near to each other in Geneva represents an oversupply, but that’s about it, Coleman said.
“I don’t think it’s a function of any other than coincidence,” Coleman said.