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    110 W Prairie Street

    Marengo, IL 60152
    • $325,000
    • STATUS: Active
    • ON SITE: 152 days
    • MLS #: 10928712
    UPDATED: 73 min ago
    $325,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,000
      SQFT
    • $16
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    20000 sq.ft. two story brick building zoned downtown commercial. Previously a community center (with its own bowling alley, basketball court, and roller rink). Warehouse/ garage along back. Nearly 10,000 sq. ft. of unfinished space. The remainder consists of 9 furnished residential apartments rented for $110-155 per week with all utilities paid. (average of $4940. per week or $59,280. per year). Rarely a vacancy. Two and a half community baths and laundry room and a rec room/kitchen provided. One 400 sq. ft. office space rented for $650. per month (he's been here 14 years!), potential for many more. So total income per year is $67,080. Two public washrooms off the lobby. The possibilities here are endless.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-11T22:52:06.767 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    110 W Prairie Street Marengo, IL 60152

    • Price: $325,000
    • Status: Active
    • Updated: 73 min ago
    • MLS #: 10928712
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    20,000
    SQFT
    $16
    $/SQFT
    1900
    Built
    Neighborhood:
    Harmony / Marengo
    County:
    McHenry
    Area:
    Harmony / Marengo
    Property Description
    20000 sq.ft. two story brick building zoned downtown commercial. Previously a community center (with its own bowling alley, basketball court, and roller rink). Warehouse/ garage along back. Nearly 10,000 sq. ft. of unfinished space. The remainder consists of 9 furnished residential apartments rented for $110-155 per week with all utilities paid. (average of $4940. per week or $59,280. per year). Rarely a vacancy. Two and a half community baths and laundry room and a rec room/kitchen provided. One 400 sq. ft. office space rented for $650. per month (he's been here 14 years!), potential for many more. So total income per year is $67,080. Two public washrooms off the lobby. The possibilities here are endless.
    Exterior Features

    Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type City Street Location Central Business District Miscellaneous Outside Enclosed StairsSecurity System Outdoor Parking 19-30 Spaces Parking Total 20 Roof Varies Roof Structure Flat

    Interior Features

    Cooling Central IndividualZoned Electric Circuit Breakers3 Phase Fire Protection Carbon Monoxide Detector(S) Fireplaces Total 0 Flooring CarpetConcreteTileVariesWood Heat Ventilation Central Heat/Indiv ControlsForced AirGas Miscellaneous Inside Common Lunchroom/SInside Corridor/SMulti-TenantOverhead Door/SPrivate Restroom/SPublic Restroom/SStorage InsideLaundry Room Number Of Apts 9 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 2 Number Of Offices 1 Number Of Ranges 0 Number Of Refrigs 9 Number Of Stores 0 Number Of Washers 2 Number Of Window Ac 0

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 0.12 Current Use Condominium Electric Expense 3861 Existing Lease Type Gross Expense Year 2018 Exterior Building Type Brick Fuel Expense 1937 Geographic Locale Northwest Suburban Gross Income 67080 Gross Scheduled Income 67080 Insurance Expense 3181 Known Encumbrances First Mortgage Lot Size Dimensions 91'X155'X81'X150' Net Operating Income Year 2018 Number Of Tenants 10 Operating Expense 22117 Other Expense 3154 Owners Assoc YN No Possible Use Condominium Tax Annual Amount 5984 Tax Year 2018 Tenant Pays Other Total Monthly Income 5590 Trash Expense 1600 Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerWater-Municipal Washer Dryer Leased YN No Water Drainage Storm Sewers Water Sewer Expense 2400 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Connections II.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-11T22:52:06.767 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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