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    9314 S Il Route 23 Marengo, IL 60152

    For Sale
    $1,200,000

    Mixed Use - Marengo, IL

    Type:Mixed Use
    Days on Market:
    93
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 9314 S Il Route 23

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    1623200003

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Number of units
    2
    Roof type
    Composition
    Architectural style
    Other

    GC REALTY & DEVELOPMENT, LLC. (630) 216-4511 [email protected]

    Listing agent Maria Regalado (630) 216-4511 License #475194133

    Listing date Sep 5, 2025

    MLS# 12457725 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 Mixed-Use Opportunity

    This 4-acre mixed-use property in Marengo, Illinois, presents a live/work/invest opportunity. The site features a 2,400-square-foot ranch home and a 2,400-square-foot upgraded machine shop. Additionally, the property includes 1.85 acres of level commercial land with frontage, suitable for future expansion. Located along IL-23, the property benefits from dual residential and industrial zoning, providing flexibility for various uses. The property is offered for lease or sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Building Supply 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
    -88.61749
    Latitude
    42.193058

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    FAQs

    What type of property is this?
    Mixed-use property - 4-acre live/work/invest opportunity with home, shop, and commercial land.
    Where is this mixed-use property located?
    The property is located at 9314 S Il Route 23 Marengo, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - 4-acre live/work/invest property with dual residential and industrial zoning.; - Includes a 2,400 SF ranch home and a **2,400 SF upgraded machine shop.**; - Features **1.85 acres of level commercial land with frontage** for future expansion.
    (630) 216-4511
    Request Owner's contact information
    9314 S Il Route 23 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
    9314 S Il Route 23 Marengo, IL 60152
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