202-909-3180
801 W Grant Hwy, Marengo, IL for Sale
Showroom - FOR SALE
1/47
null | Request Cap Rate

NEW


801 W Grant Hwy
Marengo, IL 60152


HIGHLIGHTS

  • Like-New Condition: Complete 2021 Renovation – New asphalt lot, high-efficiency LED lighting, upgraded electrical, and new mechanicals.
  • Corporate Image: Professional showroom frontage (Suite 1) with high-visibility signage opportunities on Route 20.
  • Zoning: B2 Commercial/Light Industrial (Ideal for Auto Service, Equipment Sales, fabrication, or Showroom/Warehouse).
  • Logistics Ready: Each industrial bay features (2) 12-ft drive-in doors for drive-through capability or rapid loading.
  • Control Your Costs: All units are separately metered (NNN). You pay only for what you use.

OVERVIEW

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

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

8

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.99

LAND SF

130,244

ZONING

B2

APN/PARCEL ID

11-35-100-043

ASK ABOUT THIS PROPERTY

Mihail MunteanuMunteanu HoldingMore Info
202-909-3180

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

Mihail MunteanuMunteanu HoldingMore Info
202-909-3180

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