Retail Space - For Sale
215 South State Street Marengo, IL 60152
Details & Description
Call for Pricing
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.060
  • Building Sq Ft 1,850
  • Land Sq Ft 2,615
  • CAP Rate % 8.50
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 ID:    301621
Property URL: melqr.com/301621
Generated:    03-26-23
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.
Retail Space / Illinois / Marengo / 60152 / 215 South State Street

215 South State Street

Marengo, IL 60152

Listing ID: 301621
Call for Pricing
For Sale
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.060
  • Building Sq Ft 1,850
  • Land Sq Ft 2,615
  • CAP Rate % 8.50
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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
spec-215-219-s-state-8tN-TZ7.pdf

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.

Listing Location & Map Views
Other Retail Space Listings for Sale Nearby
Address Price Sq Ft Acres
100 North State Street, Marengo, IL $225,000 3484 0.04
221 - 231 E Calhoun St, Woodstock, IL $515,000 9815 0.35
315 North Madison Street, Woodstock, IL $1,750,000 2500 -
11601 Catalpa Lane, Woodstock, IL $1,500,000 11300 1
500 South Division Street, Harvard, IL CALL 6525 -
701 East Diggins Street, Harvard, IL $525,000 6964 -
475 Southtowne Drive, Belvidere, IL $650,000 8580 0.2
650 West Terra Cotta Avenue, Crystal Lake, IL $480,000 7000 0.82
230 West Virginia Street, Crystal Lake, IL $115,000 2100 -
1400 South Randall Road, Algonquin, IL CALL 52067 -
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
Listing Agent
Kevin Kaplan - CRE Agent at

Kevin Kaplan

Premier Commercial Realty

847-854-2300 x13 (office)

309-261-0920 (mobile)

VIEW AGENT PROFILE

CLICK TO VISIT

CONTACT ME

Listing Co-Agent
Kevin Kaplan - CRE Agent at

Bruce Kaplan

847-854-2300 x20 (office)

847-507-1759 (mobile)

CLICK TO VISIT

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