The median home value in Marengo, IN is $186,000.
This is
lower than
the county median home value of $213,598.
The national median home value is $308,980.
The average price of homes sold in Marengo, IN is $186,000.
Approximately 62% of Marengo homes are owned,
compared to 27% rented, while
10% are vacant.
Marengo real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Marengo real estate agent to arrange a tour today!
Learn more about Marengo.
Lucky for you the current owners are ready to retire with their 7 grandkids who now take up most of their time! This family-owned restaurant and entertainment venue is formerly a convenience store and fuel center which could be operated as such again. UST are in compliance along with new anodes that were installed in 2017. Restaurant operated since 2018 includes catering with a major local warehouse and the opportunity to expand. Newly renovated 30 x 40 pole barn which is a 5-lane indoor axe throwing venue with bar. Outdoor seating area joins the two buildings which allows alcohol to be served in all areas. Included in this sale is all real estate + $90,000 in equipment and inventory all for only $375,000. This is a continually growing business. It sits on 1.5 acres of prime real estate located just 5 minutes off I-64 within 10 minutes of the popular destinations of Marengo Cave, Cave Country Canoes and Sycamore Springs. If you would like to purchase in separate sections as separate entities, this property has already been surveyed into 3 tracts. Continue to grow this business as it currently operates, reopen a convenience store, make residential living quarters or rental facility the possibilities are endless!!! Need more property or business space? Additional commercial/residential building +/- 1 acre (survey to be done) is located across the street with a gazebo at 2803. It is currently rented with lease expiring Sept 2024. Available for sale at $135,000.
Opportunity Knocks !! Marengo Warehouse and Distribution center includes 270 ac +/- in which 58 ac has been developed underground into 13 individual warehouses which average 100,000 sqft each. Four of the warehouses are freezer units that are used for frozen foods. Some of the storage facilities are dehumidified as well. There are several other income streams for this property including a home and phone tower lease. Some of the benefits of having the storage underground are no heating or cooling bills since this stays between 55 and 58 degrees year round. No maintenance on roofs and exterior etc. This business operates both 3PL and Gross lease. Several government and state contracts are included in this sale of the property and business. Please reach out for more details and videos of the facility. This is a solid business that has been operating for 30 years with so much room for expansion as well as mineral rights for the remaining limestone quarry. Located in the heart of the Midwest just minutes from I-64 and less than 45 minutes from Louisville, Kentucky and close to several larger cities (St. Louis, Cincinnati, Indianapolis, Evansville, Lexington, Nashville, Chicago, Detroit). The property has a 50 car rail spur on site but would need to be improved prior to being used.
