228 South State Street
$699,900
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Description
Mixed-use property situated in Marengo's central business district allowing for many options. Property allows for rental investment, restaurant/store/office below, & live above. Presently, a fully functioning restaurant & bar with 5 gaming machines, occupies the first floor. The restaurant business has a liquor license and gaming license. Sale includes the restaurant & bar equipment currently being used to operate the business. This includes: prep & cooking equipment, coolers, tables & chairs, flat...Mixed-use property situated in Marengo's central business district allowing for many options. Property allows for rental investment, restaurant/store/office below, & live above. Presently, a fully functioning restaurant & bar with 5 gaming machines, occupies the first floor. The restaurant business has a liquor license and gaming license. Sale includes the restaurant & bar equipment currently being used to operate the business. This includes: prep & cooking equipment, coolers, tables & chairs, flat top grills, deep fryers, freezers, dishes & flatware, etc... Restaurant seats 75+ people (interior) and 25+ on the patio (exterior). Upstairs, you'll find three residential apartments. Situated at the corner of State St and Grant Highway in the Central Business District. High visibility with high traffic count. On-street parking in the front and in the rear you'll find a city-owned public parking lot for free parking for up to 50 cars in the rear. Accessible from the rear courtyard and the front entrances. Quick & easy access to Interstate 90 via newly constructed access ramps. Building is in good condition and move-in ready. Nicely remodeled units throughout. The exterior has been freshly painted. Well-illuminated exterior for better visibility. The lower level houses a walk-in cooler. Low maintenance and low on-going expenses. Central heating & air conditioning for the first floor. Electric baseboard heaters for the second floor. Separate utilities throughout. Good rental income (though rents could be increased). Fully occupied with leased tenants. Property includes separate PIN for adjacent lot to accommodate outdoor patio space. Currently owned by the same owner for the last 35 years. Steps to restaurants, bars, shops, and more!
- Listed by Kevin Carroccia • @properties Christie's International Real Estate
Property Details for 228 South State Street
Area
Harmony / Marengo
TownshipMarengo
ZoningCOMMR
LISTING UPDATED: 09/08/2024 11:03 AM
Property Details for 228 South State Street
Status | Active |
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MLS # | 11897761 |
Days on Market | 423 |
Taxes | $6,762 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1900 |
Lot Size | 0.13 AC / 5,574 SF |
County | McHenry County |
Building Information for 228 South State Street
Stories2Residences4Year Built1900Lot Size0.13 AC / 5,574 SF
Property Information for 228 South State Street
Property History for 228 South State Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 228 South State Street
Taxable ValueLand$18,488Additions$64,873Total$83,361
Tax Record2023$7,050 ($587 / month)
Home Facts
Lot Size4,004 SqFtStyleMiscellaneous CommercialCountyMCHENRYAPN11-35-283-015
Schools near 228 South State Street
This home is within Marengo-Union E Cons D 165 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 3 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 4 to 5 |
Rating | School | Distance |
---|---|---|
Locust Elementary School PublicPK to 3 | ||
Marengo Community Middle School Public6 to 8 | ||
Marengo High School Public9 to 12 | ||
Ulysses S Grant Intermediate School Public4 to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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