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315 Park Dr

5,200 SF Specialty Building Offered at $499,900 in Marengo, IL 60152

Executive Summary

Free Standing Block and Brick Building
± 5,200 SF
Free standing block and brick building at the busy corner of Park Dr. and Route 20 (Grant Highway) on 1.39 acres, in Marengo with signage on corner.
Great location on the west side of town with ample gravel parking lot and large lawn area along Route 20. This former American Legion Hall is ideal for a restaurant, retail, or banquet facility. Ideal location just north of I-90/ Route 23 interchange.
The current layout has a large banquet room, bar area and a former kitchen with triple basin sink, hand sink and 12’ hood. Lots of storage with 8x7 DID for deliveries.
The building has been vacant, power and gas to be reconnected. Being sold “AS-IS.” High traffic corner site for potential re-development opportunity.

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $499,900
Price Per SF $96
Sale Type Owner User
Property Type Specialty
Property Subtype Lodge/Meeting Hall
Building Class B
Lot Size 1.39 AC
Building Size 5,200 SF
No. Stories 1
Year Built 1971
Tenancy Single
Parking Ratio 14.42/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-35-100-058
Land Assessment
$27,242
Improvements Assessment
$71,377
Total Assessment
$98,619
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code B2
B2
  • Listing ID: 31459431

  • Date on Market: 4/9/2024

  • Last Updated:

  • Address: 315 Park Dr, Marengo, IL 60152

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