218 S State Street Marengo, IL $ 495,000
218 S State Street
$ 495,000
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218 S State Street

Marengo, IL, 60152
$ 495,000
Baths0.0 Sq 3,600

Monthly Estimate*

$ 3,458

218 S State Street, Marengo, IL 60152 - Image 1
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Studio

Commercial Property for sale in Marengo, IL

for $495,000. This 3,600 square foot building was built in 1900 on a lot size of 0.036157.

Mixed-use property allowing for many options. Property allows for rental investment, store/office below & live above. Three offices/units on the first floor; easily modified to accommodate varying needs. Two apartments above: one-bedroom and a spacious two-bedroom. Situated on State Street in the central business district of Marengo. High visibility with high traffic count. On-street parking in the front; large public parking area in the rear. Accessible from the rear courtyard and the front entrances. Quick & easy access to Interstate 90 via newly constructed access ramp. Building is in good condition & move-in ready. Nicely remodeled units throughout; freshly painted exterior. Well-lit for better visibility. High ceilings. Low-maintenance & low operating costs. Central heating on the first floor and electric baseboard heaters on the second floor. Separate utilities. Good rental income. Fully leased building. Currently owned by the same owner for the last 30 years. Steps to restaurants, bars, shops, and more...

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Commercial Active

Price

$ 495,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,425

Style

Lot Size

0.036157

Year Built

1900

Town/City

Marengo

County/Region

McHenry

MLS | Web ID

12037971

Features
General
Cooling Space Pac Wall Sleeve Window Unit(s)
Roof Membrane
Zoning COMMR
Construction Materials Brick Steel Siding Wood Frame
Year Built 1900
Electric Circuit Breakers Separate Meters Service - 0 to 100 Amps Power - 120V
Tenant Pays Electricity Varies by Tenant
Stories 2
Township Marengo
Property SubType Apts/Ofc/Store Apts/Ofc Apts/Stores
Tax Year 2022
Gross Income 66240
County McHenry
Net Operating Income 53663
Operating Expense 12577
Insurance Expense 199
Property Type Commercial Sale Mixed Use
Status Active
Directions Just north of Grant Highway and State St
City Marengo
Total Units 5
MLS Area Harmony / Marengo
Lot Size Square Feet 1575
Street Name State
Tax Annual Amount 5425.5
Electric Expense 0
Fuel Expense 195
Trash Expense 0
Water Sewer Expense 202
Additional Parcels Y/N N
Virtual Tour https://tours.vht.com/API/T434346418/nobranding
Days on Market 11
Standard Status Active
Total Actual Rent 5520
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Interior
Flooring Varies
Street Suffix Street
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Exterior
Foundation Details Stone
Building Area Total 3600
Lot Dimensions 42X38.08X40.5X36.28
Exterior Brick Combination
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

kevin@atproperties.com

Email

Affordability Calculator

$3,910
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,458
Monthly Property Taxes
$452
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2024$495,000 Listed Price

Map


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218 S State Street, Marengo, IL, 60152 is a Commercial Property for sale at $495,000 with 3,600 sqft and a lot size of 0.036157. 218 S State Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 60152 which is in Marengo, IL