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221 S State Street, Marengo, IL 60152
$179,000
221 S State Street, Marengo, IL 60152View this property at 221 S State Street, Marengo, IL 60152
221 S State StreetMarengoIL60152
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Property Description
Mixed-use property in the central business district of Marengo. Property is fully leased with a 60-day kick-out clause. The Commercial space is rented for $900/month and residential studio rented at $800/month, both through July 2025. Property allows for rental investment, store/office below & live above. Situated on main road in central business district with high visibility and traffic count. Plentiful on-street parking and access to public parking lot adjacent to property with 24 parking spaces. Quick & easy access to newly constructed Interstate 90 ramp. Move-in condition. Low maintenance. Lower-cost utilities. Central heating & air conditioning on 1st floor. Electric baseboard heater & wall-integrated air conditioner on 2nd floor. Cathedral ceiling on 2nd floor with a large street-facing window. Storage in unfinished basement. Steps to restaurants, bars, shops, and more!
Full Property Details
Full Property Details for 221 S State St
General
- Price: $179,000
- Taxes: $4,069 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12028899
- Updated: 4/20/2024
- Added to Site: 15 day(s) ago
Location
- Area: Harmony / Marengo
- County: McHenry
- Driving Directions: North of U.S Grant Memorial Highway (U.S. Route 20) and S State St.
- Location Details: Northwest Suburban, Far West, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric, Forced Air, Gas
Structural Information
- Stories/Levels: 2
- # of Stores: 1
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 1,500
- Lot Dimensions: 50 x 30
Financial Considerations
- Lease Price: $13
- Insurance Fee: $40
- Operating Expenses: $5,832
- Assessment Year: 1900
- Tax Amount: $4,069.2
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 1136161006
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 221 S State St
School Districts:Marengo Community High School District 154, Marengo-Union E Consolidated D 165
Rating | Name | Grades | Distance |
---|---|---|---|
816 E Grant Hwy, Marengo, IL 60152 | 5-8 | 0.7 mi | |
539 Locust St, Marengo, IL 60152 | PK-3 | 0.7 mi | |
110 Franks Rd, Marengo, IL 60152 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 221 S State St
Date
Details
Price
Change
Source
4/14/2024
Listed
$179,000
27.86%
MLS
7/21/2011
Sold
$140,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 221 S State St
Year
Property Taxes
Change
Tax Assessment
Change
2022
-100%
$45,363
10%
2021
$3,809
—
$41,333
5%
2021
$3,809
-4%
$39,335
6%
2019
$3,988
10%
$37,270
13%
2017
$3,616
3%
$33,068
7%
2016
$3,518
-1%
$30,896
2%
2015
$3,565
2%
$30,163
5%
2014
$3,485
—
$28,705
-5%
2013
$3,478
-7%
$30,229
-13%
2018
$3,720
10%
$34,910
9%
2012
$3,370
—
$31,951
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 221 S State St
221 S State Street, Marengo, IL 60152 (MLS# 12028899) is a Commercial property. 221 S State Street is currently listed for $179,000 and was received on April 14, 2024. Want to learn more about 221 S State 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.