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801 W Grant Hwy 19,568 SF Vacant Flex Building Marengo, IL 60152 $1,900,919 CAD ($97.14 CAD/SF)
Investment Highlights
- Like-New Condition: Complete 2021 Renovation – New asphalt lot, high-efficiency LED lighting, upgraded electrical, and new mechanicals.
- Zoning: B2 Commercial/Light Industrial (Ideal for Auto Service, Equipment Sales, fabrication, or Showroom/Warehouse).
- Control Your Costs: All units are separately metered (NNN). You pay only for what you use.
- Corporate Image: Professional showroom frontage (Suite 1) with high-visibility signage opportunities on Route 20.
- Logistics Ready: Each industrial bay features (2) 12-ft drive-in doors for drive-through capability or rapid loading.
Executive Summary
PROPERTY SUMMARY: Multi-tenant flex / light-industrial facility on U.S. Route 20 in Marengo on ±3.0 acres. Total contiguous area up to ±19,520 SF. Suites available individually or can be combined for a single-tenant take-down. Remodeled in 2021 including mechanical/electrical updates, LED lighting, and asphalt improvements.
BUILDING / FUNCTIONAL FEATURES:
• Flexible showroom/office suite available (front of building) plus multiple shop/warehouse bays
• Shop bay configuration includes (2) 12’ drive-in overhead doors per bay (per bay configuration)
• Open shop/warehouse layouts suitable for contractor operations, service/fleet support, storage/distribution, light assembly, and similar light-industrial users
• Separate suite demising / multi-tenant layout; suites can be combined for larger users
• On-site parking and large lot area (±3 acres) for circulation and operations (outdoor storage only if approved)
• Security system and fiber internet (where applicable)
LEASE STRUCTURE / QUALIFICATIONS:
Lease Type: NNN (tenant pays utilities + proportionate share of taxes/insurance/CAM).
Term: 3+ years preferred (stability-focused). Shorter terms considered case-by-case based on tenant strength.
Qualification: Financial review required; security deposit and insurance required. Personal guaranty may be requested depending on tenant strength.
USE / ZONING:
Intended for contractor/service, fleet/van operations, warehouse/storage, distribution, and light manufacturing/light assembly. Tenant to verify permitted use and any special approvals with the City of Marengo. Tours by appointment. Call 202-909-3180
Property Facts
| Price | $1,900,919 CAD | Lot Size | 2.99 AC |
| Price Per SF | $97.14 CAD | Rentable Building Area | 19,568 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built | 1962 |
| Property Subtype | Showroom | Parking Ratio | 7.67/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 8 |
| Zoning | B2 - “Zoning: B2 (City of Marengo) – Confirm permitted uses with City” | ||
| Price | $1,900,919 CAD |
| Price Per SF | $97.14 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 2.99 AC |
| Rentable Building Area | 19,568 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 7.67/1,000 SF |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | B2 - “Zoning: B2 (City of Marengo) – Confirm permitted uses with City” |
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
SINGLE-TENANT OPTION (FULL BUILDING): Suites can be combined up to ±19,520 SF contiguous. Qualified single tenant leasing the full building on an initial 3+ year term receives a 10% base-rent reduction for the first 12 months (base rent only; excludes NNN/CAM, taxes, insurance, utilities, and other charges). Incentive contingent on tenant credit/financial strength and no default. PROPERTY SUMMARY: Multi-tenant flex / light-industrial facility on U.S. Route 20 in Marengo on ±3.0 acres. Total contiguous area up to ±19,520 SF. Suites available individually or can be combined for a single-tenant take-down. Remodeled in 2021 including mechanical/electrical updates, LED lighting, and asphalt improvements. BUILDING / FUNCTIONAL FEATURES: • Flexible showroom/office suite available (front of building) plus multiple shop/warehouse bays • Shop bay configuration includes (2) 12’ drive-in overhead doors per bay (per bay configuration) • Open shop/warehouse layouts suitable for contractor operations, service/fleet support, storage/distribution, light assembly, and similar light-industrial users • Separate suite demising / multi-tenant layout; suites can be combined for larger users • On-site parking and large lot area (±3 acres) for circulation and operations (outdoor storage only if approved) • Security system and fiber internet (where applicable) LEASE STRUCTURE / QUALIFICATIONS: Lease Type: NNN (tenant pays utilities + proportionate share of taxes/insurance/CAM). Term: 3+ years preferred (stability-focused). Shorter terms considered case-by-case based on tenant strength. Qualification: Financial review required; security deposit and insurance required. Personal guaranty may be requested depending on tenant strength. USE / ZONING: Intended for contractor/service, fleet/van operations, warehouse/storage, distribution, and light manufacturing/light assembly. Tenant to verify permitted use and any special approvals with the City of Marengo. Tours by appointment. Call 202-909-3180
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 19,568 SF | Flex | Full Build-Out | Now |
1st Floor
| Size |
| 19,568 SF |
| Space Use |
| Flex |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 19,568 SF |
| Space Use | Flex |
| Build-Out | Full Build-Out |
| Available | Now |
SINGLE-TENANT OPTION (FULL BUILDING): Suites can be combined up to ±19,520 SF contiguous. Qualified single tenant leasing the full building on an initial 3+ year term receives a 10% base-rent reduction for the first 12 months (base rent only; excludes NNN/CAM, taxes, insurance, utilities, and other charges). Incentive contingent on tenant credit/financial strength and no default. PROPERTY SUMMARY: Multi-tenant flex / light-industrial facility on U.S. Route 20 in Marengo on ±3.0 acres. Total contiguous area up to ±19,520 SF. Suites available individually or can be combined for a single-tenant take-down. Remodeled in 2021 including mechanical/electrical updates, LED lighting, and asphalt improvements. BUILDING / FUNCTIONAL FEATURES: • Flexible showroom/office suite available (front of building) plus multiple shop/warehouse bays • Shop bay configuration includes (2) 12’ drive-in overhead doors per bay (per bay configuration) • Open shop/warehouse layouts suitable for contractor operations, service/fleet support, storage/distribution, light assembly, and similar light-industrial users • Separate suite demising / multi-tenant layout; suites can be combined for larger users • On-site parking and large lot area (±3 acres) for circulation and operations (outdoor storage only if approved) • Security system and fiber internet (where applicable) LEASE STRUCTURE / QUALIFICATIONS: Lease Type: NNN (tenant pays utilities + proportionate share of taxes/insurance/CAM). Term: 3+ years preferred (stability-focused). Shorter terms considered case-by-case based on tenant strength. Qualification: Financial review required; security deposit and insurance required. Personal guaranty may be requested depending on tenant strength. USE / ZONING: Intended for contractor/service, fleet/van operations, warehouse/storage, distribution, and light manufacturing/light assembly. Tenant to verify permitted use and any special approvals with the City of Marengo. Tours by appointment. Call 202-909-3180
Property Taxes
| Parcel Number | 11-35-100-043 | Improvements Assessment | $156,251 CAD |
| Land Assessment | $165,645 CAD | Total Assessment | $321,896 CAD |
Property Taxes
Presented by
Munteanu Holding
801 W Grant Hwy
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