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$650,000
96 Days On Site

228 S State Street
Marengo, IL 60152

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
1900
Built
County:
McHenry
Listing Courtesy of MRED as distributed by MLS Grid of @properties Christie's International Real Estate
Call Now: 847.967.0022
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847.967.0022
228 S State Street228 S State Street228 S State Street228 S State Street
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This is a fully-leased mixed-use property situated in Marengo's central business district. The property consists of a restaurant/bar and three 1BR apartments. The restaurant tenant will be signing a 3-year extension into 2028, with rent escalations each year. All three upstairs apartments are leased month-to-month and have long-term tenants who would like to stay. Situated at the corner of State St and Grant Highway in the Central Business District, this is a high visibility intersection. There is a city-owned public parking lot for 50 cars just behind the building, providing plenty of parking for patrons. The restaurant is accessible from the rear courtyard and the front entrance. Location allows for quick & easy access to Interstate 90 via the newly constructed access ramp. The restaurant business has a liquor license and can apply for a gaming license. The sale includes the restaurant & bar equipment currently being used to operate the business, which includes: prep & cooking equipment, coolers, flat top grills, deep fryers, freezers, etc.. The building is in good condition and move-in ready. The exterior has been freshly painted and is well-illuminated for excellent visibility. The lowest level houses a walk-in cooler and storage. Central heating & air conditioning heat & cool the first floor, while electric baseboard heaters heat the second floor. There are separate utilities throughout. Excellent rental income (though apartment rents should be increased). Separate PIN (currently used as a 20'x68' outdoor dining patio) also available for purchase.

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Listing Snapshot
Price 
$650,000
Days On Site 
96 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1900
MLS® Number 
12373188
Status 
Active
Property Tax 
$7,176
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
a month agoStatus changed to Active
a month agoPrice changed to $650,000
3 months agoListing first seen on site
General Features
Additional Property Use 
Commercial
Foundation 
Concrete PerimeterStone
Number Of Stories 
2
Property Sub Type 
Mixed Use
Utilities 
Electricity Available
Zoning 
COMMR
Interior Features
Cooling 
Central AirWindow Unit(s)
Electric 
Circuit Breakers
Flooring 
Varies
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Exterior Features
Construction Details 
Brick
Road Frontage 
State Road
Roof 
Membrane
Community Features
MLS Area 
Harmony / Marengo
Township 
Marengo
Listing Courtesy of MRED as distributed by MLS Grid of @properties Christie's International Real Estate



Based on information submitted to the MLS GRID as of 2025-08-27 06:12 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Last checked: 2025-08-27 06:12 PM UTC
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Neighborhood & Commute
Source: Walkscore
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