Industrial Investment Opportunity
154 N. State Street, Marengo, Illinois 60152
Sold: $600,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
12,000 sqft
Land Size
0.34 acres
Sewer
city
Water
city
Zoning
M
Electric
600 amp, 480V, 3 Phase
Year Built
1970
Parking
10
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.