221 S State ST Save Request In-Person Tour Request Virtual Tour
Marengo,IL 60152
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12028899
Year Built 1900
Annual Tax Amount $4,069
Tax Year 2023
Lot Dimensions 50X30
Property Description
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!
Location
State IL
County Mchenry
Area Harmony / Marengo
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2