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    OFF-MARKET
    Commercial real estate

    315 Park Dr, Marengo, IL 60152-2901

    1.39 ac lot
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US28-3005556
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.39 ac (60,548 SF)
    APN 11-35-100-058
    UPID US28-3005556
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Abraham Garcia Flores · 1 yrs held
    Abraham Garcia Flores
    since 2025
    Last sale
    $300,000
    6 recorded transactions
    2025
    $300,000
    2022
    2014
    $143,000
    2014
    2008
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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