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112 S State St
Marengo, IL 60152
Retail Property For Sale
Investment Highlights
- Recently renovated inside and out, blending modern interiors with a historic façade.
- Upgraded features include new LED lighting, luxury vinyl flooring, and utility sinks in four locations.
- Prominent street-front presence in downtown Marengo for strong customer visibility.
- Zoning allows diverse uses such as boutique retail, salon, professional office, wellness, or coffee shop.
Executive Summary
This renovated office/retail property offers an exceptional ownership opportunity in the bustling heart of downtown Marengo. The 1,200 SF space has undergone a comprehensive interior and exterior renovation, providing a clean, modern aesthetic while preserving its downtown character. Buyers benefit from prominent storefront visibility along State Street, an area known for steady local traffic and strong community engagement. The building features luxury vinyl plank flooring, LED lighting, and a flexible floor plan that supports up to five private offices, a dedicated break room, utility sinks, and open retail space. With immediate occupancy available and zoning that accommodates multiple business types, this asset provides investors with a versatile income-producing property or an operator-owned location with long-term appreciation potential.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
1,200 SF
Building Class
C
Year Built/Renovated
1890/2003
Price
$224,979 CAD
Price Per SF
$187.48 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
0.05 AC
Zoning
B1 - General Commercial
Parking
2 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
24’ on S State St
Amenities
- Signage
Property Taxes
| Parcel Number | 11-35-280-011 | Improvements Assessment | $39,758 CAD |
| Land Assessment | $21,242 CAD | Total Assessment | $60,999 CAD |
Property Taxes
Parcel Number
11-35-280-011
Land Assessment
$21,242 CAD
Improvements Assessment
$39,758 CAD
Total Assessment
$60,999 CAD
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