Property for Sale: 228 S State, Marengo, IL 60152

$699,900
$699,900
228 S State, Marengo, IL 60152
$699,900
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Price:
$699,900

Type Commercial
Year Built 1900

City Marengo
County Mc Henry

MLS 11897761
Status Active
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!

Virtual Tours for 228 State Marengo, IL

Lot & Building Features

Construction Brick, Wood Frame
Cooling Central Air, Window Unit(s)
Tax Year 2022
Lot Dimensions 4004 SQ FT ft

Price History of 228 State, Marengo, IL

Date Name Price Difference
12/31/1969 Listing Price $699,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Sheryl Wabi
Direct: 708-638-4783
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by @properties Christie's International Real Estate, Kevin Carroccia
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228 State (MLS #11897761) is a commercial listing located in Marengo, IL. This property was listed on 10/02/2023 and has been priced for sale at $699,900.

Nearby zip codes are 60021, 60033, 60097, 60098 and 60180. This property neighbors other cities such as Fox River Grove, Harmony, Union, Wonder Lake and Woodstock.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: @properties Christie's International Real Estate