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204 E Prairie Street

Marengo, IL 60152
  • $2,895,000
  • STATUS: Active
  • ON SITE: 396 Days
  • MLS #: 11294747
UPDATED: 43 min ago
$2,895,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2007
County:

School Ratings & Info

Description

Looking for your next Cash Cow? Check out this 24,600 sq ft building in Marengo's Growing Central Business District. Just 1 block from Rte 23 & 2 blocks from Rte 20. This building Currently offers 15 Loft style apartments on the 2nd floor & 3 Commercial tenants on the 1st floor. 100% occupancy!! Current Commercial tenants include Swedish American Medical Group, & Lee's Martial Arts. Residential tenants pay Rent only. Landlord pays utilities. 2nd floor coin-op laundry room. Plus an additional 2 unit building on same property. The 2 unit consists of a 2 br unit on 1st floor and studio on the 2nd floor. Tenants pay utilities in 2 unit. Hurry not many opportunities like this!!

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2023-01-28T23:57:22.823 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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204 E Prairie Street Marengo, IL 60152

  • Price: $2,895,000
  • Status: Active
  • On Site: 396 Days
  • Updated: 43 min ago
  • MLS #: 11294747
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2007
Built
Neighborhood:
Harmony / Marengo
County:
McHenry
Area:
Harmony / Marengo
Property Description
Looking for your next Cash Cow? Check out this 24,600 sq ft building in Marengo's Growing Central Business District. Just 1 block from Rte 23 & 2 blocks from Rte 20. This building Currently offers 15 Loft style apartments on the 2nd floor & 3 Commercial tenants on the 1st floor. 100% occupancy!! Current Commercial tenants include Swedish American Medical Group, & Lee's Martial Arts. Residential tenants pay Rent only. Landlord pays utilities. 2nd floor coin-op laundry room. Plus an additional 2 unit building on same property. The 2 unit consists of a 2 br unit on 1st floor and studio on the 2nd floor. Tenants pay utilities in 2 unit. Hurry not many opportunities like this!!
Exterior Features

Docks None Exterior Building Type Brick Foundation Details Concrete Perimeter Outdoor Parking 51-100 SpacesCommon ParkingLightedOpenPavedPrivate Lot Parking Total 80

Interior Features

Cooling Central IndividualZoned Fireplaces Total 0 Flooring CarpetTileVinyl Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsForced AirGasOperable Windows/Systems Vary-Call List Agt Miscellaneous Inside Elevator/S PassengerHandicapped AccessHandicapped Equip Washroom/SHeavy Floor LoadInside Corridor/SMulti-TenantPrivate Restroom/SPublic Restroom/SStorage InsideHigh Speed Comm CircuitsLaundry Room Number Of Dishwashers 15 Number Of Dryers 2 Number Of Ranges 15 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age 7-15 Years Building Area Total 24600 Built Before1978 YN No Current Use CommercialOfficeOther Electric Circuit BreakersSeparate Meters Fire Protection Alarm MonitoredAlarm On SiteSmoke Or Fire ProtectorsSprinklers-WetCarbon Monoxide Detector(S) Geographic Locale Northwest SuburbanFar West Gross Income 369000 Gross Scheduled Income 369000 Insurance Expense 1500 Location Central Business DistrictCornerMixed Use Area Mls Actual Status Active Net Operating Income 264479 Number Of Tenants 17 Operating Expense 104521 Ownership Types General Partnership Possible Use CommercialOffice And ResearchOther Property Sub Type Mixed Use Rental Price 6.5 Seller Needs Cash Tax Annual Amount 30521 Tax Year 2020 Tenant Pays Common Area MaintenanceElectricityHeatVaries By Tenant Total Monthly Income 30750 Township Marengo Type Mixed Use Utilities Electric To SiteGas To Site Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max Connections II: 815-568-9000.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2023-01-28T23:57:22.823 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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4112C Fieldstone Road
Champaign IL, 61822