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25812488
25812489

104 W Railroad Street, Marengo, IL 60152 For Sale

BB
IL 471018891
RE/MAX Connections II
JB
IL 475125799
RE/MAX Connections II
Listed by RE/MAX Connections II
$995,000
348 days on market
Updated 84 days ago

104 W Railroad Street

Details
APN 1135230012
Property Type Mixed Use
Sub Type Mixed Use, Other
Square Footage 3,150
Units 3
Cap Rate 0.07%
NOI $70,518
Year Built 1997
Stories 2
Lot Size (SqFt) 14,810
Zoning OTHER

Mixed Use | 0.07% CAP | 3,150 SqFt

Marketing description

Excellent investment opportunity in Downtown Marengo, Fully Equipped Restaurant with Bar and 2 Apartments Upstairs, one 3 Bedroom and one 2 Bedroom (both rented). One Kitchen on the main Floor plus Bar and two Baths. Large Basement for storage, there is a large Prep Kitchen in the basement and 3 Large Walk-In Coolers plus a smaller Beverage Cooler. Built in 1997 with a large Addition added by the current owners, Bar Area remodeled in 2010 beautiful Oak construction. Wired for gaming machines off the bar area. 12 parking spaces, there is street parking plus a large municipal lot one block away. Investor buyers with a Food Truck can use the prep kitchen in the basement (which has inside and outside access) for your needs and rent the restaurant and apartments for income/investment. The main level could also be reconfigured into 2 or 3 apartments making this a 5 unit. Lots of possibilities in this well cared for building in the central business district. Restaurant and Bar also for Lease including lower level with storage/coolers/prep kitchen for $4000/month
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Listing Contacts

BB
IL 471018891
RE/MAX Connections II
JB
IL 475125799
RE/MAX Connections II
Listed by RE/MAX Connections II

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,518.00
$5,876.50/mo

Valuation Metrics

0
DSCR
7.09%
Cap Rate
7.09%
ROI

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Additional Information

Name
Ben Broughton
License
471018891
Brokerage
Re/Max Connections II
Brokerage Phone
8155689000
Title
Mangaing Broker/Owner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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