REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Kevin Carrocciaof @properties Christie's International Real Estate
$ 650,000
Est. payment /mo
New
228 S State Street Marengo, IL 60152
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12524413
Year Built 1900
Annual Tax Amount $7,452
Tax Year 2025
Lot Dimensions 4004 SQ FT
Property Sub-Type Mixed Use
Property Description
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. 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).
Location
State IL
County Mchenry
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Flooring Varies
Fireplace N
Exterior
Utilities Available Electric to Site
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter, Stone
Water Municipal Water
Structure Type Brick,Wood,Combination
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.