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    OFF-MARKET
    Commercial real estate

    21711 Grant Hwy, Marengo, IL 60152

    18,000 SF Built 1984
    Property ID
    Property summary
    AI-generated overview

    This exceptional 18,000-square-foot brick and block building presents a compelling investment opportunity in the thriving community of Marengo, Illinois. Strategically located off a major highway, this property offers unparalleled accessibility and visibility. The building's original 6,000 square feet were constructed before 1984, while a substantial 12,000-square-foot addition was completed in 1984 and has served as an Ace Hardware store. This versatile space boasts 13-foot ceilings, a spacious open floor plan, and convenient features such as loading docks and large service doors. The layout is easily adaptable, allowing for division into three 6,000-square-foot rental units, providing significant income potential. The property's location benefits from Marengo's growth trajectory and convenient access to Interstate 90, enhancing its appeal to a wide range of businesses. This presents a rare chance to acquire a well-maintained, sizable commercial building in a dynamic market. The property is readily available for viewing. The asking price is $799,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1984
    Total area 18,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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