21714 W Grant Hwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
21714 W Grant Hwy
8,411 SF 100% Leased Retail Building Marengo, IL 60152 $745,000 ($89/SF) 9.03% Cap Rate
Investment Highlights
- Mixed use building situated on 2 acres
- Gaming machines in House of Bottles
- 3 rental units
Executive Summary
Mixed use property in Marengo on two acres. Two storefronts and an attached single-family home. House of Bottles has gaming machines and a lease through May of 2025. The collectibles store has a lease through April 2026. The residential home has a 60-day kick out clause. Excellent opportunity for updating and increased rents. Stable tenants.
Data Room Click Here to Access
- Miscellaneous
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$86,400
|
$10.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$86,400
|
$10.27
|
| Taxes |
$12,623
|
$1.50
|
| Operating Expenses |
$6,513
|
$0.77
|
| Total Expenses |
$19,136
|
$2.28
|
| Net Operating Income |
$67,264
|
$8.00
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $86,400 |
| Annual Per SF | $10.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $86,400 |
| Annual Per SF | $10.27 |
| Taxes | |
|---|---|
| Annual | $12,623 |
| Annual Per SF | $1.50 |
| Operating Expenses | |
|---|---|
| Annual | $6,513 |
| Annual Per SF | $0.77 |
| Total Expenses | |
|---|---|
| Annual | $19,136 |
| Annual Per SF | $2.28 |
| Net Operating Income | |
|---|---|
| Annual | $67,264 |
| Annual Per SF | $8.00 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,411 SF
Building Class
C
Year Built
1981
Price
$745,000
Price Per SF
$89
Cap Rate
9.03%
NOI
$67,264
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
2.00 AC
Zoning
B1
Parking
21 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
179 FT on W Grant Hwy
PROPERTY TAXES
| Parcel Number | 11-35-100-032 | Total Assessment | $180,810 |
| Land Assessment | $71,704 | Annual Taxes | $12,623 ($1.50/SF) |
| Improvements Assessment | $109,106 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-35-100-032
Land Assessment
$71,704
Improvements Assessment
$109,106
Total Assessment
$180,810
Annual Taxes
$12,623 ($1.50/SF)
Tax Year
2023
Learn More About Investing in Retail Properties
1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
21714 W Grant Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.