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    110 Prairie St Marengo, IL 60152

    Sponsored
    For Sale
    $849,000

    Ten-unit apartment building, fully leased.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a fully leased, ten-unit apartment building situated in the heart of downtown Marengo, Illinois. The property boasts a prime location, within easy walking distance of local amenities including restaurants, banks, and bars, ensuring high tenant demand and occupancy. Constructed of durable brick and block, this building requires minimal maintenance, translating to lower operational costs and a hassle-free investment experience. Recent updates have enhanced the property's appeal, contributing to increased rental income. The building's efficient design minimizes utility expenses

    Property Features for 110 Prairie St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.60788
    Latitude
    42.25024

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    FAQs

    What type of property is this?
    Commercial real estate - Ten-unit apartment building, fully leased.
    Where is this commercial real estate located?
    The property is located at 110 Prairie St Marengo, IL.
    What is the asking price?
    The asking price for this property is $849,000.
    (630) 377-1855
    Request Owner's contact information
    110 Prairie St 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
    110 Prairie St Marengo, IL 60152
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