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221 S State Street Marengo, IL $ 179,000
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221 S State Street
$ 179,000
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221 S State Street

Marengo, IL, 60152
$ 179,000
Baths0.0

Monthly Estimate*

$ 1,250

221 S State Street, Marengo, IL 60152 - Image 1
221 S State Street, Marengo, IL 60152 - Image 2
221 S State Street, Marengo, IL 60152 - Image 3
221 S State Street, Marengo, IL 60152 - Image 4
221 S State Street, Marengo, IL 60152 - Image 5
221 S State Street, Marengo, IL 60152 - Image 6
221 S State Street, Marengo, IL 60152 - Image 7
221 S State Street, Marengo, IL 60152 - Image 8
221 S State Street, Marengo, IL 60152 - Image 9
221 S State Street, Marengo, IL 60152 - Image 10
221 S State Street, Marengo, IL 60152 - Image 11
221 S State Street, Marengo, IL 60152 - Image 12
221 S State Street, Marengo, IL 60152 - Image 13
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Studio

Commercial Property for sale in Marengo, IL

for $179,000. This building was built in 1900 on a lot size of 0.034435.

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!

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Commercial Active

Price

$ 179,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,069

Style

Lot Size

0.034435

Year Built

1900

Town/City

Marengo

County/Region

McHenry

MLS | Web ID

12028899
Features
General
Cooling Central Air
Year Built 1900
Electric Circuit Breakers Separate Meters Service - 0 to 100 Amps Power - 120V Other
Tenant Pays Air Conditioning Electricity Heat
Stories 2
Property SubType Apts/Ofc/Store Apts/Ofc Apts/Stores
Tax Year 2022
Gross Income 20400
County McHenry
Net Operating Income 14568
Operating Expense 5832
Insurance Expense 40
Property Type Commercial Sale Mixed Use
Status Active
Directions North of U.S Grant Memorial Highway (U.S. Route 20) and S State St.
City Marengo
Total Units 2
MLS Area Harmony / Marengo
Lot Size Square Feet 1500
Street Name State
Tax Annual Amount 4069.2
Electric Expense 0
Fuel Expense 38
Trash Expense 0
Water Sewer Expense 68
Additional Parcels Y/N N
Virtual Tour https://tours.vht.com/API/T434343054/nobranding
Days on Market 6
Standard Status Active
Total Actual Rent 1700
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Exterior
Lot Dimensions 50X30
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Interior
Street Suffix Street
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

kevin@atproperties.com

Email

Affordability Calculator

$1,589
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,250
Monthly Property Taxes
$339
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/14/2024$179,000 Listed Price

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221 S State Street, Marengo, IL, 60152 is a Commercial Property for sale at $179,000 with a lot size of 0.034435. 221 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

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