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Medical Office Suite
For Lease
$14.75 SF/Yr

204 E Prairie St, Marengo, IL 60152

3,000 SF physical therapy and general office space in a masonry building built in 2007.

Space Size3,000 SF - 7,000 SF
Property Size24,571 SF
Days on Market168

Property Features for 204 E Prairie St

General Information

Standard status Active
Size 3,000 SF - 7,000 SF
Class B
Property subtype Office
Lease Term MG

Building Details

Building Size 24,571 SF
Year Built 2007

Spaces For Lease

at 204 E Prairie St Contact us

Unit 4 $14.75/SF/Yr

Size 3,000 SF
Term Negotiable
Contact us

Units 2&3 $14.75/SF/Yr

Size 7,000 SF
Term Negotiable
Contact us
Listing Agency: NAI Hiffman | Oakbrook Terrace
Listed By: Doug Altenberger
Source: Hiffman
Added: May 8 Changed: Oct 21 Last Checked: Oct 20 at 7:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Hiffman | Oakbrook Terrace

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Investment Insights

Based on property information with market context.

This 3,000 SF medical office suite is configured for physical therapy and general office use. The building was constructed in 2007 with masonry construction, offering a ready-to-occupy option for compatible service needs.

The property is located 0.2 miles to Route 20 via S Taylor Street, providing convenient roadway access for patients and staff. Zoning is listed as B-1.

Available space ranges from 3,000 to 10,000 SF, providing flexibility depending on the operating footprint required.

Key Highlights

  • 3,000 SF physical therapy/general office space in a masonry building built in 2007
  • B‑1 zoning and 0.88‑acre lot
  • Lease rate: $14.75 PSF modified gross

Property Analytics

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Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Electrical Service Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.21 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

378
Businesses Nearby
Balanced
Demand for This Use

Demographics for 60152, IL

12,382
Population
4,715
Households
2.6
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
95.4 sq mi
ZIP Area
130
Density / Sq Mi
$94,209
Median Household Income
$51,808
Median Earnings
$1,090
Median Rent
$259,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Similar Off Market Nearby

  • Marengo Animal Hospital — 223 W Grant Hwy, Marengo, IL 60152
  • Dr. John J. Fassbinder, DVM — 223 W Grant Hwy, Marengo, IL 60152
  • Dr. Linda J. Dujmovich, DVM — 223 W Grant Hwy, Marengo, IL 60152

Frequently Asked Questions

What type of property is this?
Medical Office Space - 3,000 SF physical therapy and general office space in a masonry building built in 2007.
Where is this medical office space located?
The property is located at 204 E Prairie St Marengo, IL.
What is the lease rate?
The lease rate is $14.75 SF/Yr.
What are key features of this property?
This property features: 3,000 SF physical therapy/general office space in a masonry building built in 2007; B‑1 zoning and 0.88‑acre lot; Lease rate: $14.75 PSF modified gross
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