21711 Grant Hwy Marengo, IL 60152
- Commercial real estate
- 18,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 21711 Grant Hwy
- Year built
- 1984
- Property size
- 18,000 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marengo
- County
- McHenry
- State
- Illinois
- Longitude
- -88.6217
- Latitude
- 42.2481
