21714 Grant Hwy Marengo, IL 60152-2943

Property Details for 21714 Grant Hwy

Lot size

2.00 lot acres

Property type

Commercial real estate

APN

11-35-100-032

APU

1135100032

Description

This exceptional investment opportunity presents a three-unit building situated on two acres of land, conveniently located near the heart of Marengo, Illinois. The property comprises two commercial storefronts and an attached single-family residence. Currently, one storefront is occupied by "House of Bottles," a business operating gaming machines under a lease agreement extending until May 2025. The second storefront houses a collectibles store, secured by a lease expiring in April 2026. The attached single-family home provides additional income potential, although it includes a 60-day notice provision for the tenant. This presents a unique chance for an investor to acquire a well-located multi-family property with existing income streams. The property's size and location offer significant potential for future development and increased rental income. The existing leases provide immediate cash flow, while the opportunity to renovate and modernize the units allows for substantial long-term value appreciation. The property's proximity to downtown Marengo ensures convenient access to local amenities and services. This is an ideal investment for those seeking a stable, income-generating asset with significant upside potential. The two-acre lot provides ample space for potential expansion or future development. The current tenants provide a strong foundation for continued rental income. This is a rare opportunity to acquire a multi-use property in a desirable location.

Location Insight

City

Marengo

County

Mchenry

State

Illinois

Longitude

-88.6217

Latitude

42.2496

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments