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    605 E Grant Hwy Marengo, IL 60152

    Under Contract
    For Sale
    $175,000

    Mixed Use - Marengo, IL

    Type:Mixed Use
    Property size:
    1,625 SF
    Days on Market:
    33
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 605 E Grant Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    1136377042
    Size
    1,625 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Number of units
    1
    Flooring type
    Vinyl
    Roof type
    Shake
    Architectural style
    Other

    Real Broker LLC (630) 439-6385 [email protected]

    Listing agent Michelle Gassensmith (855) 450-0442 License #475133660

    Listing date Nov 5, 2025

    MLS# 12380729 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

    High-Visibility Corner Mixed-Use Property

    This corner property, located on IL RT 20, offers high visibility suitable for various business ventures. The property features modern updates and large open spaces with separation, including three office-sized rooms, two grand rooms, storage areas, and a bathroom facility. A double-door entrance welcomes visitors at the front of the building. The building has a concrete parking lot with access from both the side street and the main frontage. The original structure dates back to approximately 1930, with an expansion around the early 2000s. Recent updates include vinyl flooring, modern accents, and a new AC unit installed in 2024. Currently operating as a massage therapy office, the property offers potential for rental income or customization. There is room to expand the building or add more parking in the rear. The property is located in Marengo, IL. The property size is 1625 square feet. The zoning is COMMR. The tenant is interested in staying, dependent on new lease terms, current rent is 2,000/month, tenant pays all utilities. Owner covers insurance of 2,633/annually as well as snow and lawn; 45/per lawn mowing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    McHenry
    State
    Illinois
    Longitude
    -88.6007682
    Latitude
    42.2455145

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile corner property on IL RT 20, ideal for business.
    Where is this mixed-use property located?
    The property is located at 605 E Grant Hwy Marengo, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - High-visibility corner property on IL RT 20, ideal for business use.; - Rental income potential with current tenant interested in staying.; - Ample room for building expansion or additional parking in the rear.
    (855) 450-0442
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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
    605 E Grant Hwy Marengo, IL 60152
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