Business & Tech
Giesche Family Planning to Retire; Building for Sale
Store's list price is $799,000. Giesche's Glen Ellyn store for sale, as well.
You've probably seen in the window of the store: Giesche Shoes' owners are selling the building at 21 N. Fourth St.
Gregory Giesche and his brothers plan to retire once the building is sold, according to the Kane County Chronicle.
The Giesche Family has been in the shoe business for more than 200 years, and the Geneva store has been in the same location since 1976. The store is known for its friendly and knowledgeable sales people and selection of fine footwear for the whole family.
The family also has a store in Glen Ellyn, at 400 N. Main St., which has been a fixture in downtown Glen Ellyn since 1948. The 15,252-square-foot building is for sale, as well, but no price is listed.
The Giesche family lost their matriarch, Phyllis R. Giesche, in 2010, according to an article in the Daily Herald.
The store in Geneva has 4,150 square feet of business space, a 1,120-square-foot basement and a sale price of $799,000, according to LoopNet.
"Built in 1960s, this free-standing, single-story building presents masonry brick
and block construction with property improvements completed in 1988 and
1992," LoopNet says.
Gregory Giesche told the Chronicle that the Giesches would have a retirement sale once the building is sold, and in retirement, he hopes to stay in Geneva and so some of the things he hasn't been able to do in the past 40 years.
