Geneva Dunkin’ sold for unpaid property taxes

GENEVA – Don’t plan on getting a doughnut and a latte from Geneva’s east side Dunkin’ any time soon. It was sold for $11,529.58 in unpaid property taxes, Kane County records show.

State Street Coffee LLC – an entity of The Hari Group of Naperville, which owns 206 E. State St., Geneva – failed to pay its property taxes for 2020, records show.

Equity One Investment Fund of Sugar Grove paid them Nov. 21, 2021, at the annual tax sale, according to a spokesman for the Kane County Treasurer’s Office.

The tax sale process gives the original owner two years to redeem the property from the tax sale by paying Equity One Investment Fund. The property’s owner has until Nov. 21, 2023, to do that, the spokesman said.

If the owner does not redeem the property within the two-year period, Equity One Investment Fund would have to go to court to get the deed, the spokesman said.

City spokesman Kevin Stahr said in an email that officials recently were informed that Dunkin’ had secured its permit from the Illinois Department of Transportation and was in the process of finding contractors to complete the remaining work.

A voicemail message left at Equity One Investment Fund was not returned. Raj Patel of The Hari Group in Naperville, developer of the Dunkin’, did not respond to an email seeking comment.

State Street Coffee LLC bought the 206 E. State St. property for $715,000 on March 21, 2019, according to county property records. The property had been a former gas station, shuttered since 2014.

In 2018, the Geneva City Council approved special use zoning for the Dunkin’ to have a drive-through, with Mayor Kevin Burns breaking the 5-5 tie vote.

Aldermen already had approved a development incentive package for Dunkin’ with a $70,000 grant and a sales tax rebate up to $102,000.

But the economic development incentive is not payable until after the project receives a certificate of occupancy from the city, officials said, as it was structured as a reimbursement.