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    204 E Prairie Street

    Marengo, IL 60152
    • $2,950,000
    • STATUS: Active
    • ON SITE: 65 days
    • MLS #: 11018289
    UPDATED: 82 min ago
    $2,950,000
    • 0
      BEDS
    • 0.88
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,600
      SQFT
    • $120
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2007
    County:

    School Ratings & Info

    Description

    Looking for your next Cash Cow? Check out this 24,600 sq ft building in Marengo's Growing Central Business District. Just 1 block from Rte 23 & 2 blocks from Rte 20. This building Currently offers 15 Loft style apartments on the 2nd floor & 3 Commercial tenants on the 1st floor. 100% occupancy!! Current Commercial tenants include Swedish American Medical Group, & Lee's Martial Arts. There is plenty of opportunity for large profits with this property. Residential tenants pay Rent only. Landlord pays utilities. 2nd floor coin-op laundry room. Hurry not many opportunities like this!!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-16T09:52:06.703 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    204 E Prairie Street Marengo, IL 60152

    • Price: $2,950,000
    • Status: Active
    • Updated: 82 min ago
    • MLS #: 11018289
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.88
    Acres
    24,600
    SQFT
    $120
    $/SQFT
    2007
    Built
    Neighborhood:
    Harmony / Marengo
    County:
    McHenry
    Area:
    Harmony / Marengo
    Property Description
    Looking for your next Cash Cow? Check out this 24,600 sq ft building in Marengo's Growing Central Business District. Just 1 block from Rte 23 & 2 blocks from Rte 20. This building Currently offers 15 Loft style apartments on the 2nd floor & 3 Commercial tenants on the 1st floor. 100% occupancy!! Current Commercial tenants include Swedish American Medical Group, & Lee's Martial Arts. There is plenty of opportunity for large profits with this property. Residential tenants pay Rent only. Landlord pays utilities. 2nd floor coin-op laundry room. Hurry not many opportunities like this!!
    Exterior Features

    Construction Materials BrickBlock Docks None Foundation Details Concrete Perimeter Location Central Business DistrictCornerMixed Use Area Miscellaneous Outside Enclosed StairsHandicapped AccessSecurity LightingSecurity System Outdoor Parking 51-100 SpacesCommon ParkingLightedOpenPavedPrivate Lot Parking Total 80

    Interior Features

    Cooling Central IndividualZoned Electric Circuit BreakersSeparate Meters Fire Protection Alarm MonitoredAlarm On SiteSmoke Or Fire ProtectorsSprinklers-WetCarbon Monoxide Detector(S) Fireplaces Total 0 Flooring CarpetTileVinyl Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsForced AirGasOperable Windows/Systems Vary-Call List Agt Miscellaneous Inside Elevator/S PassengerHandicapped AccessHandicapped Equip Washroom/SHeavy Floor LoadInside Corridor/SMulti-TenantPrivate Restroom/SPublic Restroom/SStorage InsideHigh Speed Comm CircuitsLaundry Room Number Of Apts 15 Number Of Dishwashers 15 Number Of Dryers 2 Number Of Offices 3 Number Of Ranges 15 Number Of Refrigs 15 Number Of Stores 0 Number Of Washers 2 Number Of Window Ac 0

    Property Features

    Additional Parcels YN No Built Before1978 YN No Cap Rate 9 Current Use CommercialOfficeOther Electric Expense 0 Existing Lease Type Net Expense Year 2019 Exterior Building Type Brick Fuel Expense 0 Geographic Locale Northwest SuburbanFar West Gross Income 369000 Gross Scheduled Income 369000 Insurance Expense 1500 Lot Size Dimensions 199X190X199X190 Net Operating Income Year 2020 Number Of Tenants 17 Operating Expense 104521 Other Expense 74000 Possible Use CommercialOffice And ResearchOther Tax Annual Amount 30521 Tax Year 2019 Tenant Pays Common Area MaintenanceElectricityHeatVaries By Tenant Total Monthly Income 30750 Trash Expense 0 Unincorporated YN No Utilities Electric To SiteGas To Site Washer Dryer Leased YN No Water Sewer Expense 0 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Connections II.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-16T09:52:06.703 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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