For Sale
$499,900

315 Park Dr Marengo, IL 60152

High-traffic corner lot, ideal for redevelopment.

Overview

Added:
Dec 11, 2024
Days on market:
133
This 5,200 square foot free-standing block and brick building is situated on a 1.39-acre lot at the high-traffic corner of Park Drive and Route 20 (Grant Highway) in Marengo, Illinois. The property boasts excellent visibility with prominent corner signage. Located on the west side of town, it offers ample gravel parking and a large lawn area along Route 20, providing convenient access for customers. Previously used as an American Legion Hall, this versatile space is perfectly suited for a variety of uses, including a restaurant, retail establishment, or banquet facility. Its convenient location just north of the I-90/Route 23 interchange ensures high traffic volume. The building features a spacious banquet room, a bar area, and a former kitchen equipped with a triple basin sink, hand sink, and a 12-foot hood. Additional storage is available, including an 8x7 loading dock for deliveries. Currently vacant, utilities (power and gas) will require reconnection. The property is being sold "AS IS," presenting a significant redevelopment opportunity for a discerning investor. The building was constructed in 1971, is a single-story structure, and sits within the B2 zoning district. The property's APN is 11-35-100-058. This prime location and flexible space make it an exceptional investment opportunity.

Highlights

  • $499,900 asking price for a 5,200 SF retail building.
  • Located at 315 Park Dr, Marengo, IL 60152, on a 1.39-acre lot.
  • Features a single-story, 1971-built building with B2 zoning.
  • High-traffic corner location at Park Dr. and Route 20 (Grant Highway), near I-90/Route 23 interchange.
  • Suitable for redevelopment as a restaurant, retail space, or banquet facility; previously used as an American Legion Hall.

Property Details for 315 Park Dr

Property type
Retail properties
Square Feet
5,200 SF
Year Built
1971
Buildings
1
Stories
1
Lot Size (sq. ft)
60,548 SF

Location Insight

City
Marengo
County
McHenry
State
Illinois
Latitude
42.2482564
Longitude
-88.6185181

FAQs

What type of property is this?
Retail property - High-traffic corner lot, ideal for redevelopment.
Where is the retail property located?
The property is located at 315 Park Dr Marengo, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: $499,900 asking price for a 5,200 SF retail building.; Located at 315 Park Dr, Marengo, IL 60152, on a 1.39-acre lot.; Features a single-story, 1971-built building with B2 zoning.
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315 Park Dr
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