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    320 S State St Marengo, IL 60152

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    For Sale
    $275,000

    3,633 SF office building with highway frontage.

    Property size:
    3,633 SF
    Lot size:
    0.47 Acres

    Property Features for 320 S State St

    General Information

    Size
    3,633 SF
    Lot size
    0.47 Acres

    Source: Blue Chip Commercial Agent Tim Billimack

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

    Overview

    Converted Office Building For Sale

    This 3,633 square foot converted office building is suitable for professional use. The property benefits from frontage on a state highway, with 22,000 vehicles per day passing through the intersection of routes 20 and 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.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -88.6088111
    Latitude
    42.2476939

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    FAQs

    What type of property is this?
    Office building - 3,633 SF office building with highway frontage.
    Where is this office building located?
    The property is located at 320 S State St Marengo, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Prime office exposure along state highway frontage; - High traffic volume: **22,000 vehicles per day** at Routes 20/23 intersection; - **3,633 sf converted office** ideal for professional use
    (815) 355-0196
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    320 S State 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
    320 S State St Marengo, IL 60152
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