Property profile

120 W Grant Hwy Marengo, IL 60152

FOR SALE
Other commercial real estate
Property ID
US28-3157065
0.14 ac lot
Trust Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is located in Marengo, Illinois on the northeast corner of Route 20 and Ann Street, approximately one block west of the Route 20/23 intersection. It is zoned B1 for retail and service uses intended to support enhancement of the central business district. A 1,176-square-foot building is present and previously operated under a special use permit for a service station and repair shop; this use is no longer available. The structure contains two bay areas, each approximately 14 feet by 27 feet, plus two bathrooms with updated plumbing, a reception/office area, and a second small office. The surrounding area includes a city parking lot to the north, vacant retail/service buildings to the east, and a commercial use across Route 20, with proximity to the full interchange of Route 23 and I-90 within minutes. The property is associated with a second PIN number: 11-35-283-012.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.14 ac (6,282 SF)
APN 11-35-283-011
UPID US28-3157065

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility

Location

120 W Grant Hwy Marengo, IL 60152
Marengo metro Census 871003 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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