801 W Grant Hwy - Freestanding FOR SALE


Marengo, IL 60152
$1,449,000 USD
202-909-3180
801 W Grant Hwy, Marengo, IL for Sale
$1,449,000 USD
Freestanding - FOR SALE
1/48
null | 15.5% Cap Rate

801 W Grant Hwy
Marengo, IL 60152


OVERVIEW

For Sale – Commercial / Light Industrial Investment Property Property Overview Outstanding opportunity to acquire a fully upgraded commercial and light-industrial facility directly on U.S. Route 20 in Marengo, Illinois. This ±19,500 SF building, situated on approximately 3 acres, was comprehensively remodeled in 2021 with new mechanical, electrical, and surface improvements throughout. The property offers a glass-front showroom and office section,conference room, multiple drive-in shop bays, and a fenced outdoor yard, allowing for a wide range of commercial and service-oriented uses. Three independent electrical and gas meters make the site multi-tenant ready, ideal for owner-users or investors. This building is not limited to automotive use — its configuration and zoning make it suitable for contractors, light manufacturing, warehousing, logistics, and mixed commercial operations. --- Highlights ±19,500 SF total building area ±3-acre parcel, improved and partially fenced Fully remodeled 2021 – structural, mechanical, and finish upgrades ±5,000 SF showroom and office area with modern glass frontage ±13,500 SF of flexible shop and work space divided into three sections Three separate electrical and gas meters for multi-tenant setup Upgraded HVAC, plumbing, and electrical systems New asphalt paving on whole property Configurable into four to five rentable sections Zoning: Commercial / Light Industrial Low Low Low county taxes Excellent visibility and signage exposure on U.S. 20 --- Flexible Use Potential Zoned Commercial / Light Industrial, the property supports a wide array of uses: Contractor or service shops (plumbing, HVAC, roofing, electrical, flooring) Light manufacturing or assembly operations Equipment sales, service, or rental business Distribution, storage, or warehouse operations Fleet or logistics base for delivery or service vehicles Showroom-based business (boats, RVs, construction equipment, flooring, or wholesale supply) Multi-tenant trade center or incubator park with separate utilities Outdoor storage or truck/equipment yard Redevelopment potential for flex-space or mini-storage complex --- Investment Highlights Multi-tenant ready with separate utilities and flexible layout Excellent exposure along U.S. Route 20 (Grant Highway) with strong daily traffic counts Ideal for owner-occupancy with rental income potential or as a full investment asset Low property tax burden compared to neighboring markets Modernized infrastructure minimizes maintenance costs Strong regional demand for industrial and service space near I-90 Location Prominent frontage along Grant Highway within Marengo’s active commercial corridor. Minutes from I-90, offering direct access to Rockford, Elgin, and the greater Chicagoland area. The site provides high visibility, excellent ingress/egress, and flexible zoning to accommodate a variety of users. --- Contact Phone: 202-909-3180

FOR SALE DETAILS

PRICE

$1,449,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

15.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Storefront Retail/Office, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.99 AC

LAND SF

130,244 SF

ZONING

B2

APN/PARCEL ID

11-35-100-043

ASK ABOUT THIS PROPERTY

Mihail MunteanuMunteanu HoldingMore Info
202-909-3180

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Mihail MunteanuMunteanu HoldingMore Info
202-909-3180

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.