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Mixed-Use Property with Detached Garage

528 E Grant Highway, Marengo, IL 60152

For Sale
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R3 zoning and a paved on-site drive support varied property configurations.

Property Size2,875 SF
Lot Size0.62 Acres
Price / SF$90.43
Days on Market34

Property Features for 528 E Grant Highway

General Information

Standard status Active
Size 2,875 SF
Lot size 0.62 Acres
Property subtype Mixed Use, Office, Multifamily
Zoning R3

Additional Details

Property Use Office

Building Details

Building Size 2,875 SF
Listing Agency: Century 21 New Heritage Marengo
Listed By: sandy butenschoen · License #IL
Source: Crexi
Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 2:36PM

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 Century 21 New Heritage Marengo

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The property includes a 2,875-square-foot building and a separate 1,500-square-foot garage on a 0.62-acre parcel. The building’s most recent use was as an office; office, single-family residential, and two-flat uses have also occurred at the property. R3 zoning is in place.

Located at 528 E Grant Highway, the site has a paved driveway with capacity for 10 or more vehicles. The parcel also has room for expansion.

Key Highlights

  • 2,875‑square‑foot building with a detached 1,500‑square‑foot garage
  • 0.62‑acre parcel zoned R3
  • Paved driveway accommodates 10 or more vehicles

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Electrical Service Daycare Center Garden Center Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

389
Businesses Nearby

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
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - R3 zoning and a paved on-site drive support varied property configurations.
Where is this mixed-use property located?
The property is located at 528 E Grant Highway Marengo, IL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,875‑square‑foot building with a detached 1,500‑square‑foot garage; 0.62‑acre parcel zoned R3; Paved driveway accommodates 10 or more vehicles
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