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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    605 Grant Hwy, Marengo, IL 60152-3431

    0.29 ac lot
    Individually Owned Free & Clear
    Property ID
    US28-2312778
    Property summary
    AI-generated overview

    This exceptional 1,625 square foot mixed-use property, located at 605 E Grant Highway in Marengo, IL, presents a unique investment opportunity. Situated on a corner lot with high visibility on IL RT 20, this property boasts excellent exposure for any business. The building, originally constructed around 1930 with an expansion in the early 2000s, offers a blend of character and modern updates. The interior features three office-sized rooms, two large open rooms, ample storage, and a bathroom. A striking double-door entrance adds to the property's curb appeal. Recent improvements include new vinyl flooring, modern accents, and a brand-new AC unit installed in 2024. The existing concrete parking lot provides convenient access from both the side street and the main frontage, with room for expansion. Currently leased to a massage therapy business at $2,000 per month (tenant pays all utilities), the lease extends through March with the possibility of renewal. This versatile property offers significant potential for rental income or customization to suit a wide range of business needs. The property's prime location and adaptable space make it an attractive investment for both seasoned investors and entrepreneurs seeking a profitable venture. Don't miss this chance to own a piece of Marengo's vibrant commercial landscape.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.29 ac (12,551 SF)
    APN 11-36-377-042
    UPID US28-2312778
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Liset Evans
    Liset Evans
    since 2026
    Last sale
    $140,000
    7 recorded transactions
    2026
    $140,000
    2023
    $95,000
    2017
    2014
    $38,000
    2006
    1999
    $135,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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