228 S State ST new Save Request In-Person Tour Request Virtual Tour
Marengo,IL 60152
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12373188
Year Built 1900
Annual Tax Amount $7,176
Tax Year 2024
Property Sub-Type Mixed Use
Property Description
This is a fully-leased mixed-use property situated in Marengo's central business district with a restaurant/bar and three apartments. 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, tables & chairs, flat top grills, deep fryers, freezers, etc.. The restaurant seats 75+ people (interior) and 25+ on the patio (exterior). Upstairs, you'll find three residential apartments. Situated at the corner of State St and Grant Highway in the Central Business District, this is a high visibility intersection. There's on-street parking in the front and in the rear you'll find a city-owned public parking lot with free parking for 50 cars. 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 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. Good rental income (though apartment rents should be increased). Just steps to restaurants, bars, shops, and more!
Location
State IL
County Mchenry
Area Harmony / Marengo
Zoning COMMR
Interior
Cooling Central Air,Window Unit(s)
Flooring Varies
Exterior
Utilities Available Electricity Available
Roof Type Membrane
Building
Dwelling Type Mixed Use
Water Municipal Water
Structure Type Brick,Wood,Combination