Retail Space
215 South State Street Marengo, IL 60152
Details & Description
Call for Pricing
    Three fully leased retail storefronts totaling 1,850 SF for $199,000. Each unit is currently leased to local small businesses on yearly renewals and the current NOI brings an 8.5% cap rate.Perfect small investment property in downtown Marengo with a public parking lot in the rear.Contact broker for financials and rent roll. Please do not disrupt tenants.
    Property Highlights
    Additional Photos
    Listing Agents
    Kevin Kaplan

    O: 847-854-2300
    M: 309-261-0920
    kevink@premiercommercialrealty.com
    Bruce Kaplan

    O: 847-854-2300
    M: 847-507-1759
    brucek@premiercommercialrealty.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    215 South State Street

    Marengo, IL 60152

    Listing ID: 301621
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 1
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 2
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 3
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 4
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 5
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 6
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 7
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 8
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 9
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 10
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 11
    • 215 South State Street Marengo, IL 60152 | for Sale | Photo 12
    215 South State Street | for Sale | Thumbnail 1
    215 South State Street | for Sale | Thumbnail 2
    215 South State Street | for Sale | Thumbnail 3
    215 South State Street | for Sale | Thumbnail 4
    215 South State Street | for Sale | Thumbnail 5
    215 South State Street | for Sale | Thumbnail 6
    215 South State Street | for Sale | Thumbnail 7
    215 South State Street | for Sale | Thumbnail 8
    215 South State Street | for Sale | Thumbnail 9
    215 South State Street | for Sale | Thumbnail 10
    215 South State Street | for Sale | Thumbnail 11
    215 South State Street | for Sale | Thumbnail 12
    Building Size: 1,850 SF
    Lot Size: 0.060 AC
    Land Size: 2,615 SF
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Property Highlights
    Year Built 1910 w/ Updates
    HVAC System GFA
    Electrical 100 amp
    Sprinkled No
    Washrooms 1 per Space
    Ceiling Height 8.5 - 10 FT
    Parking Street and public lot in rear
    Sewer/Water City
    Zoning B1
    RE Taxes $2,536 (2021)
    Cap Rate 8.5% Contact Broker For Financials
    Description

    Three fully leased retail storefronts totaling 1,850 SF for $199,000. Each unit is currently leased to local small businesses on yearly renewals and the current NOI brings an 8.5% cap rate.

    Perfect small investment property in downtown Marengo with a public parking lot in the rear.

    Contact broker for financials and rent roll. Please do not disrupt tenants.

    Attachments & Files

    Traffic Counts

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Rockford History of Retail Space for Sale

    Marengo Area Market Trends

    Listing Demographics for 215 South State Street Marengo, IL 60152

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population1,7679,02312,039
    Population Median Age363738
    Population by Age0-9 Yrs281 (15%)1377 (15%)1741 (14%)
    10-19 Yrs207 (11%)1057 (11%)1407 (11%)
    20-29 Yrs327 (18%)1732 (19%)2041 (16%)
    30-39 Yrs195 (11%)857 (9%)1192 (9%)
    40-49 Yrs205 (11%)1043 (11%)1409 (11%)
    50-59 Yrs215 (12%)1002 (11%)1362 (11%)
    60-69 Yrs158 (8%)978 (10%)1484 (12%)
    70+ Yrs179 (10%)978 (10%)1403 (11%)
    Median HH Income$72,482$73,152$82,420
    Total Household Income< 24K132 (20%)662 (19%)716 (16%)
    25-49K126 (19%)641 (19%)793 (17%)
    50-74K81 (12%)411 (12%)551 (12%)
    75-99K92 (13%)399 (11%)527 (11%)
    100-199K200 (30%)1092 (32%)1564 (35%)
    200K+26 (3%)146 (4%)283 (6%)
    Highest Education LevelNo Diploma83424504
    Diploma or GED38020132640
    Some College31216302149
    Assoc. Degree102474707
    Bachelors Degree1698251240
    Higher Degree87422706
    Total Housing Units6923,5474,753
    --Owner-Occupied4482,2623,201
    --Renter-Occupied2101,0891,233
    Owner-Occupied Values< 100K86429455
    100-199K23911391309
    200-299K91458853
    300-399K22152328
    400-499K344111
    500K+540145
    Total Working Age Population1,3526,9909,438
    In Work Force9804,9046,574
    Not In Work Force3722,0862,864
    Workforce Employed9384,6246,237
    Workforce Unemployed42280334
    Civlian Workforce9804,9046,570
    Military Workforce004
    Total Households6583,3504,434
    Family Households4632,4143,311
    Non-Family Households1959371,123
    Married Couple3101,6222,439
    Other Family152792872
    Married w/Child137629890
    Single Male w/Child22102106
    Single Female w/Child77428451

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Boone County41,786+3054,165-1048,540+752,161
    McHenry County260,077+19308,760+32407,931+9443,398

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the building size of this Retail property in Marengo, IL?
    The size of the building/unit at 215 South State Street in Marengo is 1,850 square feet
    How much land does the Marengo, IL property at 215 South State Street include?
    215 South State Street in Marengo includes 0.060 acres of land
    What kind of Retail is the propery at 215 South State Street?
    The property at 215 South State Street Marengo, IL 60152 is listed as a Other Retail Retail property
    What is the population within 1 mile of 215 South State Street in Marengo?
    The population within 1 mile of 215 South State Street Marengo, IL 60152 is 1,767 people.
    Who do I contact for questions about 215 South State Street?
    You should contact the listing agent, Kevin Kaplan , for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Rockford International Airport (RFD) 25
    Chicago O'Hare International Airport (ORD) 41
    Chicago Midway International Airport (MDW) 54