For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
-
Car Rental Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Marengo market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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.
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