GENEVA – The Erday properties of 301 W. State St., 10 N. Third Street and 315 Hamilton St. were sold to Andrew and Rachel Grider, of Glen Ellyn, at a closing held June 26.
The asking price of the three properties was in excess of $2.6 million, said Mark Coleman of the Coleman Land Company in St. Charles, the real estate broker for the Erday family.
“It’s the end of an era – the Erday Era,” Coleman said.
The former Erday’s Men’s Store had been in downtown Geneva from 1925 until it closed in 2013.
“For decades upon decades, Erday had a presence in and around Third Street and State Street in Geneva,” Coleman said. “At one time, they owned ... the building where Starbucks is.”
The buyer, Andrew Grider, has a background in financial planning and is president of The Retirement Network, 423 Williamsburg Ave., Geneva.
“We’re really excited about it,” Andrew Grider said. “My wife and I don’t live here, but I work here and we have grown to love Geneva and value it as a beautiful town, a thriving town, a great community. And it’s funny, I pick up coffee for everybody from Starbucks every Friday morning and I always looked at the building."
He always thought it was a fantastic property in a prime spot, so when the opportunity arose to buy it, he and his wife took the leap.
Andrew Grider said they are working with the Geneva History Museum and the city’s preservationist both to restore the building and renovate it.
“There are a couple of office suites upstairs that we want to renovate and bring exciting businesses to that prominent corner,” Andrew Grider said. “And there are two apartments upstairs we are going to renovate … and one of them we hope to do an Airbnb. That is something we are really excited about.”
Andrew Grider said several businesses had already contacted him about the former Perlman space.
“We are going to be very selective about what goes there,” Andrew Grider said. “We want it to be a destination location.”
The Hamilton Street property will continue as a dentist’s office, he said.