204 E Prairie Street, Marengo, IL 60152 - Photo 1

1/1

$1,900,000

Sold
Closed
Commercial
24,600 Sq. Ft.
80 Parking Spaces

1/1

Property Description

Looking for your next Cash Cow? Check out this 24,600 sq ft building in Marengo's Growing Central Business District. Just 1 block from Rte 23 & 2 blocks from Rte 20. This building Currently offers 15 Loft style apartments on the 2nd floor & 3 Commercial tenants on the 1st floor. 100% occupancy!! Current Commercial tenants include Swedish American Medical Group, & Lee's Martial Arts. Residential tenants pay Rent only. Landlord pays utilities. 2nd floor coin-op laundry room. Plus an additional 2 unit building on same property. The 2 unit consists of a 2 br unit on 1st floor and studio on the 2nd floor. Tenants pay utilities in 2 unit. Hurry not many opportunities like this!!

Full Property Details

Full Property Details for 204 E Prairie St

General

Sold For: $1,900,000
Taxes: $30,521 (2021)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 11294747
Added to Site: 1, 514 day(s) ago

Interior

Interior Features: Passenger Elevator(s), Handicapped Access, Handicap-Equipped Washroom(s), Heavy Floor Load, Inside Corridor(s), Multi-Tenant, Private Restroom(s), Public Restroom(s), Storage Inside, High-Speed Communication Circuits, Laundry Room
Flooring: Carpet, Tile, Vinyl

Additional Information

Security/Safety: Alarm Monitored, Alarm on Site, Smoke or Fire Protectors, Sprinklers (Wet), Carbon Monoxide Detector(s)

Parking

Total Spaces: 80
Parking Features: 51 to 100 Spaces, Common Parking, Lighted, Open, Paved, Private Lot

Location

Area: Harmony / Marengo
County: Mc Henry
Driving Directions: Rte 20 to Rte 23. Head North on 23, 2 blocks to Prairie St. Right 1 block to corner of Prairie & Taylor Strt
Location Details: Northwest Suburban, Far West, Central Business District, Corner, Mixed-Use Area

Heating & Cooling

Cooling Type: Central Individual, Zoned
Heating Type: Central Building Heat, Central Heat/Individual Controls, Forced Air, Gas, Operable Windows/Systems Vary-Call List Agt

Utilities

Onsite: Electricity to Site, Gas to Site

Structural Information

Construction: Brick, Block
Exterior Const.: Brick
Foundation: Concrete Perimeter
Sub-Flooring: Carpet, Tile, Vinyl
Stories/Levels: 2
Square Feet: 24,600
Current Bldg. Use: Commercial, Office, Other
Year Built: 2007

Unit Information

# Tenants: 17
Units w/Refrigerators: 15
Units w/Range/Oven: 15
# Dryers: 2

Lot Features

Lot Size (Sq. Ft.): 38,320
Lot Dimensions: 199 x 190 x 199 x 190
Potential Use: Commercial, Office and Research, Other
Zoning: COMMR

Financial Considerations

Lease Price: $7
Operating Expenses: $104,521
Security Deposit: Alarm Monitored, Alarm On Site, Smoke or Fire Protectors, Sprinklers-Wet, Carbon Monoxide Detector(s)
Assessment Year: 2007
Tax Amount: $30,521
Tax Year: 2021
Tenant Pays: Common Area Maintenance, Electricity, Heat, Varies by Tenant

Disclosures and Reports

Property ID: 1136155001

Listed and Sold by RE/MAX Connections II

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Schools

Schools serving 204 E Prairie St

School Districts:Marengo Community High School District 154, Marengo-Union Elementary Consolidated District 165

Name	Grades	Distance
Locust Elementary School 539 Locust Street, Marengo, IL 60152	PK-3	0.7 mi
Marengo Community Middle School 816 East Grant Highway, Marengo, IL 60152	6-8	0.7 mi
Marengo High School 110 Franks Road, Marengo, IL 60152	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 204 E Prairie St

Date

Details

Price

Change

Source

5/22/2023

Sold

$1,700,000

-22.73%

MLS

2/28/2023

Price Reduced

$2,200,000

-12%

MLS

2/06/2023

Price Reduced

$2,500,000

-13.64%

MLS

12/28/2021

Listed

$2,895,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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204 E Prairie Street, Marengo, IL 60152 (MLS# 11294747) is a Commercial property that was sold at $1,900,000 on May 22, 2023. Want to learn more about 204 E Prairie Street? Do you have questions about finding other Commercial real estate for sale in Marengo? You can browse all Marengo real estate or contact a Coldwell Banker agent to request more information.

204 E Prairie St Marengo, IL 60152