Marengo IA Commercial for Sale

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Type:
Investment
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Lot size:
7.88 Acres
Year built:
1988
Baths:
MLS#:
2407816

ADDITIONAL INFORMATION

Well maintained manufactured home community. 9.5%+ Cap Rate return. 40 lots total with 32 currently occupied. Includes 12 park home rentals that are fully occupied. All utilities including city water and sewer billed directly to resident. Seller will not consider contract sale. Seller will help train new owner if needed.

Type:
Other
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Lot size:
0.22 Acres
Year built:
2000
Baths:
MLS#:
2407757

ADDITIONAL INFORMATION

This spacious former retail store, conveniently situated on the square in Marengo, offers excellent visibility and advantageous street parking, making it a prime location for various business ventures. The open floor plan provides flexibility for a multitude of uses, allowing you to customize the space to suit your specific needs and preferences. Whether you are considering reopening it as a retail establishment, converting it into office space, or exploring other possibilities, this property provides a versatile canvas for your entrepreneurial vision. The prime location ensures high visibility and accessibility, potentially attracting a steady flow of foot traffic and customers to your business.

Type:
Business Opportunities
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.68 Acres
Year built:
1979
Baths:
MLS#:
2404016

ADDITIONAL INFORMATION

Excellent location on Hwy 6, west of Marengo. Property is located outside of the Marengo city limits. Zoned C-2. Large building 2,464sf located on north end of property: Office space, bathroom, eletricity, LP, FHA furnace or wood heat. 4 overhead doors, 2 work areas both with 14' ceilings, concrete floors, separate electric service, sand point well, septic (installed April, 2022) located between building and railroad tracks. No water heater installed but could easily be added. SW & SE downspouts and 2 area drains tied into 8" tiles that drain to daylight north of building. Small building by road is 896sf. It has power but no water/sewer, front office room, shop with overhead door. Both building are concrete block construction. LP tank is about 50% full and owned by seller. Seller is working on clearing out personal property.

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Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 , Cedar Rapids Area Association of Realtors



Marengo Real Estate

The median home value in Marengo, IA is $160,000. This is lower than the county median home value of $192,300. The national median home value is $338,100. The average price of homes sold in Marengo, IA is $160,000. Approximately 65.58% of Marengo homes are owned, compared to 23.03% rented, while 11.39% are vacant. Marengo real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Marengo real estate agent to arrange a tour today!

Marengo, Iowa has a population of 2,714. Marengo is more family-centric than the surrounding county with 31.08% of the households containing married families with children. The county average for households married with children is 27.51%.

The median household income in Marengo, Iowa is $58,804. The median household income for the surrounding county is $64,720 compared to the national median of $69,021. The median age of people living in Marengo is 41.9 years.

Marengo Weather

The average high temperature in July is 83.7 degrees, with an average low temperature in January of 10.1 degrees. The average rainfall is approximately 35.9 inches per year, with 27.2 inches of snow per year.

Marengo Real Estate Market Conditions

  • Median sales price

    $160,000
    11.4% change since last quarter
  • # Active listings

    24
    30-day change

Marengo Schools and Demographics

Education near Marengo, IA

Metric City County
High School Graduates 90.25 94.54
College Degree - 2 year 9.38 12.34
College Degree - 4 year 11.56 23.1
Graduate Degree 2.44 4.26
Expenditures per Student 14,426 14,426
Students per Teacher 13.5 13.5

Elementary Schools near Marengo, IA

School Grades Students P/T Ratio ZIP
H-L-V Elementary School PK - 06 218 19.3 52347
IOWA Valley Elementary School PK - 06 335 18.1 52301
Longfellow Elementary School PK - 06 325 13.8 52208
Mary Welsh Elementary School PK - 06 615 14.8 52361

High Schools near Marengo, IA

School Grades Students P/T Ratio ZIP
Belle Plaine Junior/Senior High School 07 - 12 241 10.9 52208
H-L-V Junior-Senior High School 07 - 12 144 9.4 52347
Iowa Valley Junior-Senior High School 07 - 12 241 11 52301
Williamsburg Junior-Senior High School 07 - 12 564 12.4 52361

Demographics near Marengo, IA

Metric City County
Neighborhood Type Small Town
Population 2,714 16,596
Population Density 1,283 28
Median Age 41.9 42.9
People per Household 2.4 2.4
Median Household Income 58,804 64,720
Average Income per Capita 28,989 35,013