Property profile

8302 Il Rte 23 Marengo, IL 60152

OFF-MARKET
Industrial properties
Property ID
US28-1055793
46,109 SF 40 ac lot Built 1994
Entity Owned 15-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1994
Total area 46,109 SF
Lot 40 ac (1,742,400 SF)
APN 16-14-200-005
UPID US28-1055793

Cap rate & NOI

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

Location

8302 Il Rte 23 Marengo, IL 60152-9317
Marengo metro Census 871004 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.06M
Comparable Approach Comparable
$3.38M
Blend (final) Blend
$810k

Owner & transaction history

since 2011
2 recorded transactions
2011
$2.7M
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $5.0M +48.1%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8302 Il Rte 23?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message