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    300 West St Marengo, IL 60152

    Sponsored
    For Sale
    Contact for pricing

    Massive Illinois warehouse, ideal for industrial use.

    Property size:
    279,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This expansive 279,200 square foot warehouse, situated on a generous 39.61-acre lot in Marengo, Illinois, presents a significant investment opportunity. The property boasts a prime location, less than six miles from Interstate 90, ensuring excellent accessibility for transportation and logistics. The warehouse features two convenient entrances, accessible from West Street and Ritz Road, facilitating efficient loading and unloading operations. The property benefits from two 4160V electrical services, providing ample power for industrial needs. Furthermore, the property's proximity to the Union Pacific rail line along its northern perimeter offers the potential for future rail service integration, enhancing logistical capabilities. The seller is offering financial incentives for building improvements, tailored to meet the specific requirements of a prospective tenant, making this a highly attractive proposition. Finally, the substantial lot size includes additional undeveloped land, presenting opportunities for future expansion or development. This exceptional warehouse is ideally suited for a variety of industrial uses and offers a compelling combination of size, location, and potential. The property is located in McHenry County, Illinois, with the address being 300 West St, Marengo, IL 60152.

    Property Features for 300 West St

    General Information

    Property type
    Distribution properties
    Square Feet
    279,200 SF
    Lot Size
    1,725,412 SF

    HighLights

    • Two 4160‑volt power services available on‑site.
    • Less than six miles to I‑90 interstate access.
    • Dual access points from West Street and Ritz Road.
    • Potential for rail service via Union Pacific Railroad.
    • Tenant improvement allowances available.
    • Building improvements tailored to lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    McHenry
    State
    Illinois
    Longitude
    -88.6222832
    Latitude
    42.254151

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    FAQs

    What type of property is this?
    Distribution property - Massive Illinois warehouse, ideal for industrial use.
    Where is this distribution property located?
    The property is located at 300 West St Marengo, IL.
    What are key features of this property?
    This property features: Two 4160-volt power services available on-site.; Less than six miles to I-90 interstate access.; Dual access points from West Street and Ritz Road.
    Request Owner's contact information
    300 West St 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
    300 West St Marengo, IL 60152
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