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    302-310 W Grant Hwy Marengo, IL 60152

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    For Sale
    Contact for pricing

    Retail, fast food, or office space along state highway frontage.

    Property size:
    3,000 SF
    Lot size:
    0.22 Acres

    Property Features for 302-310 W Grant Hwy

    General Information

    Size
    3,000 SF
    Lot size
    0.22 Acres

    Source: Blue Chip Commercial Agent Tim Billimack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail or Office Redevelopment Opportunity

    This property offers prime retail, fast food, or office exposure along state highway frontage. There is potential to add a fast food drive-thru along the south end cap retail space. A historic 3,633 square foot converted office is ideal for professional use. Ownership will consider alternative retail and office redevelopment options. Approximately 22,000 vehicles per day pass through the intersection of routes 20/23. National retail and restaurant tenants are located nearby, including McDonald's, Taco Bell, Subway, Chase Bank, BMO Harris, Dollar General, Circle K, and Athletico. The property size is approximately 3,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -88.6056513
    Latitude
    42.2480663

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    FAQs

    What type of property is this?
    Retail space - Retail, fast food, or office space along state highway frontage.
    Where is this retail space located?
    The property is located at 302-310 W Grant Hwy Marengo, IL.
    What are key features of this property?
    This property features: - High traffic location: 22,000 vehicles per day (VPD) pass through the intersection.; - Prime frontage on a state highway, offering excellent exposure.; - Potential to add a fast-food drive-thru.
    (815) 355-0196
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    302-310 W Grant Hwy 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
    302-310 W Grant Hwy Marengo, IL 60152
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