Individually Owned Property summary
This 5,200 square foot free-standing block and brick building is situated on a 1.39-acre lot at the high-traffic corner of Park Drive and Route 20 (Grant Highway) in Marengo, Illinois. The property boasts excellent visibility with prominent corner signage. Located on the west side of town, it offers ample gravel parking and a large lawn area along Route 20, providing convenient access for customers. Previously used as an American Legion Hall, this versatile space is perfectly suited for a… variety of uses, including a restaurant, retail establishment, or banquet facility. Its convenient location just north of the I-90/Route 23 interchange ensures high traffic volume. The building features a spacious banquet room, a bar area, and a former kitchen equipped with a triple basin sink, hand sink, and a 12-foot hood. Additional storage is available, including an 8x7 loading dock for deliveries. Currently vacant, utilities (power and gas) will require reconnection. The property is being sold "AS IS," presenting a significant redevelopment opportunity for a discerning investor. The building was constructed in 1971, is a single-story structure, and sits within the B2 zoning district. The property's APN is 11-35-100-058. This prime location and flexible space make it an exceptional investment opportunity.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 1.39 ac
- APN
- 11-35-100-058
- Assessed value · 2022
- $89,184
- Annual tax · 2022
- $8,340
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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