21711 Grant Hwy, Marengo, IL 60152
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.