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    120 W Grant Hwy Marengo, IL 60152

    Under Contract
    For Sale
    $218,000

    Mixed Use - Marengo, IL

    Type:Mixed Use
    Property size:
    1,176 SF
    Days on Market:
    37
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 120 W Grant Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active Under Contract
    APN
    1135283011
    Size
    1,176 SF

    Building Details

    Year built
    1954
    Number of units
    1
    Roof type
    Rubber
    Architectural style
    Other

    Century 21 New Heritage (847) 683-2000 [email protected]

    Listing agent Sandra Butenschoen (847) 683-2000 License #475081467

    Listing date Oct 30, 2025

    MLS# 12432214 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marengo Retail/Service Opportunity

    Located one block west of the Route 20/23 intersection on the northeast corner of Route 20 and Ann Street in Marengo, Illinois, this property is zoned B1. The city aims to enhance the central business district with retail and service uses. The 1176 square foot building formerly had a special use permit for a service station and repair shop, but that usage is no longer available. The building includes two bay areas, each approximately 14 feet by 27 feet, along with two bathrooms featuring updated plumbing, a reception/office area, and a second small office. The immediate area includes a city parking lot to the north, a vacant repair shop and restaurant to the east, and a McDonald's across Route 20. The property is located minutes from the full interchange of Route 23 and I-90. The second PIN number is 11-35-283-012.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    McHenry
    State
    Illinois
    Longitude
    -88.6093351
    Latitude
    42.2486796

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    FAQs

    What type of property is this?
    Auto shop - Prime location near Route 20/23 intersection, zoned B1.
    Where is this auto shop located?
    The property is located at 120 W Grant Hwy Marengo, IL.
    What is the asking price?
    The asking price for this property is $218,000.
    What are key features of this property?
    This property features: - Prime location at the intersection of Rt. 20 and Ann Street, 1 block W of Rt 20/23.; - Zoned B1, suitable for retail/service uses in the central business district.; - 1176 sq. ft. building with 2 bay areas (approx. 14' x 27').
    (847) 683-2000
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    120 W Grant Hwy Marengo, IL 60152
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    Marengo, IL 60152
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 W Grant Hwy Marengo, IL 60152
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