$600,000

Est. payment -/mo

$749,900

20.0%

Est.Price: ?

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154 N State ST Marengo, IL 60152

12,000 SqFt

SOLD DATE : 09/11/2025

Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $50

MLS Listing ID 12300293

Sold Date 09/11/25

Year Built 1970

Annual Tax Amount $4,656

Tax Year 2023

Lot Size 0.340 Acres

Lot Dimensions 179X82X179X82

Property Sub-Type Industrial

Property Description

INVESTMENT OPPORTUNITY 12,000 SF FULLY LEASED INDUSTRIAL BUILDING Price reduced on this 12,000 SF fully leased 2-unit investment opportunity. 9.25% CAP rate. Unit A: Front section 1,900 SF currently leased as a baseball practice facility. Open floor plan and 1 office. Unit B: Rear section 10,000 SF currently leased to a diesel and engine repair shop. 12'-16' ceilings, 600 amp, 480V, 3 phase power, floor drains, 3 DID's (12'x10', 12'x14', and 9'x9') and small mezzanine for storage. There are two bathrooms (one currently used as storage - toilet removed). 10 parking spaces in rear of the building. Contact broker for financial information.