Marengo IL Commercial for Sale
- Type:
- Mixed Use
- Sq.Ft.:
- 1,625
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1930
- Baths:
- MLS#:
- 12190288
View additional info
Courtesy: Real Broker, LLC
855-450-0442
ADDITIONAL INFORMATION
Fantastic corner property with high visibility on IL RT 20, making it an ideal location for any business. Purchase for rental income or customize the space to suit your needs! There's ample room to expand the building or add more parking in the rear. The existing concrete parking lot provides access from both the side street and the main frontage. The interior features modern updates and large open spaces with just the right amount of separation, including three office-sized rooms, two grand rooms, storage areas, and bathroom facility. A striking double-door entrance welcomes visitors at the front of the building. Currently operating as a massage therapy office, the original structure is estimated to date back to 1930, with an expansion around early 2000's. Recent updates include vinyl flooring, modern accents, and a new AC unit installed in 2024. The tenant's lease extends through March but is open to renewing, current rent is 2,000/month, tenant pays all utilities. Discover the potential of this versatile property!
$6,999,970
604-620 E Grant Highway Marengo, IL 60152
- Type:
- General Commercial
- Sq.Ft.:
- 49,680
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.42 Acres
- Year built:
- 1978
- Baths:
- MLS#:
- 12163819
View additional info
Courtesy: RE/MAX At Home
847-255-1000
ADDITIONAL INFORMATION
**Incredible Investment Opportunity!** This fully occupied apartment complex features long-term tenants with current rents significantly below market value, offering substantial potential for income growth. Recent updates include a newer roof (2019) and brand-new windows and patio doors (2023). The property consists of two garden-style, two-story buildings totaling 48 units: 36 two-bedroom and 12 one-bedroom apartments, each with separate utilities. The two-bedroom units in Building 620 include in-closet washers and dryers. Additionally, there is a one-story structure between the buildings that serves as an office and storage space. With 85 paved parking spaces, this property is not only a strong rental investment but also presents an excellent condo conversion opportunity. Don't miss this chance to capitalize on a fantastic income-producing asset with significant growth potential!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1981
- Baths:
- MLS#:
- 12157500
View additional info
Courtesy: @properties Christie's International Real Estate
312-682-8500
ADDITIONAL INFORMATION
Three-unit building on two acres near downtown Marengo. Two storefronts and an attached single-family home. House of Bottles has gaming machines and a lease through May of 2025. The collectibles store has a lease through April 2026. The residential home has a 60-day kick out clause. Excellent opportunity for updating and increased rents.
- Type:
- Business Opportunities
- Sq.Ft.:
- 25,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.16 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- 12137329
View additional info
Courtesy: RE/MAX Connections II
815-568-9000
ADDITIONAL INFORMATION
Opportunity knocks! 25,000 sqft Manufacturing building located on 2.16 Acres. Zone M manufacturing. Former die casting operation. Steady traffic on State Highway. Over 20,000 sqft of shop/work space. Two loading areas, one exterior & one interior. 13 to 16 foot ceilings. One drive-in overhead door. Plenty of parking/truck/trailer storage available. Two offices on main floor, & 3 more offices, common area, break room, locker rooms & more on the 2nd floor. Ready for your business or divide the space for multiple tenants.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 12136437
View additional info
Courtesy: Baird & Warner
630-377-1855
ADDITIONAL INFORMATION
Prime Investment Opportunity in Downtown Marengo - Fully Leased 10-Unit Apartment Building. Located in the heart of Marengo, IL, presents an exceptional investment opportunity. The property has undergone recent updates, enhancing its appeal and boosting rental income. Constructed with durable brick and block, the building requires minimal maintenance, making it a hassle-free investment. Tenants are responsible for their own electric bills, while the landlord only covers real estate taxes and water, with no natural gas utilized on the property. The building offers an excellent opportunity for investors seeking a low-maintenance, high-return asset. This property is ideally located within walking distance to local restaurants, banks, bars, and other conveniences. This fully leased, updated apartment building offers an outstanding opportunity for both seasoned investors and those new to the market, providing strong cash flow with low operational costs and minimal management requirements.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1997
- Baths:
- MLS#:
- 12058447
View additional info
Courtesy: RE/MAX Connections II
815-568-9000
ADDITIONAL INFORMATION
Excellent investment opportunity in Downtown Marengo, Fully Equipped Restaurant with Bar and 2 Apartments Upstairs, one 3 Bedroom and one 2 Bedroom. Built in 1997 with a large Addition added by the current owners. Both Apartments rented, lower level with Restaurant and Bar currently for lease.
$999,999
0 Grange Road Marengo, IL 60152
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 44.63 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 12030546
View additional info
Courtesy: Berkshire Hathaway HomeServices Starck Real Estate
847-806-8440
ADDITIONAL INFORMATION
44.639 Acres about a mile from I-90 interchange. Surrounded by light manufacturing properties. Great investment opportunity or business op! As a farm, all tillable. Annexed into Marengo already. Currently leased to farmer for 8500per season, but on comp plan for office research or Light industrial including warehouse, retail, and various other uses. Electric and gas nearby. Sewer and water slated, but dates unknown.
$169,000
221 S State Street Marengo, IL 60152
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1900
- Baths:
- MLS#:
- 12028899
View additional info
Courtesy: @properties Christie's International Real Estate
312-682-8500
ADDITIONAL INFORMATION
Mixed-use property in the central business district of Marengo. Property is fully leased with a 60-day kick-out clause. The Commercial space is rented for $900/month and residential studio rented at $800/month, both through July 2025. Property allows for rental investment, store/office below & live above. Situated on main road in central business district with high visibility and traffic count. Plentiful on-street parking and access to public parking lot adjacent to property with 24 parking spaces. Quick & easy access to newly constructed Interstate 90 ramp. Move-in condition. Low maintenance. Lower-cost utilities. Central heating & air conditioning on 1st floor. Electric baseboard heater & wall-integrated air conditioner on 2nd floor. Cathedral ceiling on 2nd floor with a large street-facing window. Storage in unfinished basement. Steps to restaurants, bars, shops, and more!
$499,900
315 Park Drive Marengo, IL 60152
- Type:
- Other
- Sq.Ft.:
- 5,200
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1971
- Baths:
- MLS#:
- 12025079
View additional info
Courtesy: Premier Commercial Realty
847-854-2300
ADDITIONAL INFORMATION
Free Standing Block and Brick Building 5,200 SF Free standing block and brick building at the busy corner of Park Dr. and Route 20 (Grant Highway) on 1.39 acres, in Marengo with signage on corner. Great location on the west side of town with ample gravel parking lot and large lawn area along Route 20. This former American Legion Hall is ideal for a restaurant, retail, or banquet facility. Ideal location just north of I-90/ Route 23 interchange. The current layout has a large banquet room, bar area and a former kitchen with triple basin sink, hand sink and 12' hood. Lots of storage with 8x7 DID for deliveries. The building has been vacant, power and gas to be reconnected. Being sold "AS-IS." High traffic corner site for potential re-development opportunity.
$699,900
228 S State Street Marengo, IL 60152
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1900
- Baths:
- MLS#:
- 11897761
View additional info
Courtesy: @properties Christie's International Real Estate
312-682-8500
ADDITIONAL INFORMATION
Mixed-use property situated in Marengo's central business district allowing for many options. Property allows for rental investment, restaurant/store/office below, & live above. Presently, a fully functioning restaurant & bar with 5 gaming machines, occupies the first floor. The restaurant business has a liquor license and gaming license. Sale includes the restaurant & bar equipment currently being used to operate the business. This includes: prep & cooking equipment, coolers, tables & chairs, flat top grills, deep fryers, freezers, dishes & flatware, etc... Restaurant seats 75+ people (interior) and 25+ on the patio (exterior). Upstairs, you'll find three residential apartments. Situated at the corner of State St and Grant Highway in the Central Business District. High visibility with high traffic count. On-street parking in the front and in the rear you'll find a city-owned public parking lot for free parking for up to 50 cars in the rear. Accessible from the rear courtyard and the front entrances. Quick & easy access to Interstate 90 via newly constructed access ramps. Building is in good condition and move-in ready. Nicely remodeled units throughout. The exterior has been freshly painted. Well-illuminated exterior for better visibility. The lower level houses a walk-in cooler. Low maintenance and low on-going expenses. Central heating & air conditioning for the first floor. Electric baseboard heaters for the second floor. Separate utilities throughout. Good rental income (though rents could be increased). Fully occupied with leased tenants. Property includes separate PIN for adjacent lot to accommodate outdoor patio space. Currently owned by the same owner for the last 35 years. Steps to restaurants, bars, shops, and more!
- Type:
- Other
- Sq.Ft.:
- 18,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1984
- Baths:
- MLS#:
- 11376317
View additional info
Courtesy: Realty World Tiffany R.E.
847-395-1010
ADDITIONAL INFORMATION
18,000 sq ft Brick & Block Building for Sale off major Highway in Marengo Il. Original 6,000 sq ft built prior to 1984. 12,000 sq ft addition built in 1984 and has been used as an Ace Hardware Store since. This building could be divided up into 3- 6,000 sq ft rentalable space units. Loading docks, large service doors, 13 foot ceilings and a very open floor plan. Several options and possibilities for this building. Marengo is an up and comming community with new direct access off of Interstate 90. Easy to show. Contact Listing agent.
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Marengo Real Estate
The median home value in Marengo, IL is $352,000. This is higher than the county median home value of $288,600. The national median home value is $338,100. The average price of homes sold in Marengo, IL is $352,000. Approximately 58.27% of Marengo homes are owned, compared to 35.29% rented, while 6.43% 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, Illinois has a population of 7,466. Marengo is less family-centric than the surrounding county with 27.18% of the households containing married families with children. The county average for households married with children is 33.95%.
The median household income in Marengo, Illinois is $65,136. The median household income for the surrounding county is $93,801 compared to the national median of $69,021. The median age of people living in Marengo is 30.5 years.
Marengo Weather
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 36.5 inches per year, with 33.8 inches of snow per year.