Marengo, IL 60152,110 W Prairie ST

$285,000

Est.Price: ?

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Est. payment /mo

20,000 SqFt


SOLD DATE : 03/25/2022

Key Details

Sold Price $285,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $14

MLS Listing ID 11322561

Year Built 1900

Annual Tax Amount $6,216

Tax Year 2020

Property Description

20000 sq.ft. two story brick building zoned downtown commercial. Previously a community center (with its own bowling alley, basketball court, and roller rink). Warehouse/ garage along back. Nearly 10,000 sq. ft. of unfinished space. The remainder consists of 9 furnished residential apartments rented for $110-155 per week with all utilities paid. (average of $4940. per week or $59,280. per year). Rarely a vacancy. Two and a half community baths and laundry room and a rec room/kitchen provided. One 400 sq. ft. office space rented for $650. per month (he's been here 14 years!), potential for many more. So total income per year is $67,080. Two public washrooms off the lobby. The possibilities here are endless.

Location

State IL

County Mc Henry

Area Harmony / Marengo

Zoning COMMR

Interior

Cooling Central Individual, Zoned

Flooring Carpet, Concrete, Tile, Varies, Wood

Exterior

Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal

Roof Type Varies

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Ben Broughton • RE/MAX Connections II
Bought with Ben Broughton • RE/MAX Connections II
agent-avatar

+1(815) 790-4276

jorelkilcullen@gmail.com

402 East Grant Highway, Marengo, IL, 60152, United States

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