228 S State Street

Marengo, IL 60152
$650,000
Excellent investment opportunity situated in Marengo's central business district. 228 S State property consists of a restaurant/bar and three 1BR apartments. Situated at the corner of State St and Grant Highway, this is a high-visibility intersection. Directly behind this property is a city-owned public parking lot for 50 cars, providing… Read MoreRead Less
Courtesy of @properties Christie's International Real Estate 312-682-8500
Listing Snapshot
Days Online
14
Last Updated
Property Type
Mixed Use
Lot Size
0.13 Acres
Year Built
1900
MLS Number
12779491
Property Location Map
Additional Details
Building
Built in 1900, Construction Materials: Brick, Wood, Combination
Cooling
Central Air, Window Unit(s)
Expenses
Fuel: $900, Insurance: $6,000, Operating: $15,696, Trash: $300, Water/Sewer: $996
Floors
Varies
Foundation
Concrete Perimeter, Stone
Income
Gross Income: $91,140, Gross ScheduledIncome: $91,140, Net Operating Income: $75,444
Lot
0.12796 acres, Dimensions: 4004 SQ FT
Roof
Membrane
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 1135283015, Annual Amount: $7,452, Year: 2025, Zoning: COMMR
Tenant Pays
Electricity, Heat, Scavenger, Sewer, Varies by Tenant
Utilities
Electric to Site, Water Source: Municipal Water, Circuit Breakers, Separate Meters, Service - 0 to 100 Amps, Power - 120V
Water Features
Frontage Type: Signal Intersection, State Road, US Highway
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Helen Oliveri
Designated Managing Broker Owner
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