Refine Search

555 Michael Drive, Morris, IL 60450

$495,000
  • 555 Michael Drive, Morris, IL 60450 Main Photo

27 Total Photos [Click to View All]

New to the Market New
SQUARE FEET5,250 MLS#12654773
STATUSNew PROPERTY TYPECommercial - Business

Property Description

Investment Opportunity - Fully Leased Commercial Warehouse in Morris! Investors, take note of this exceptional income-producing property in Morris. This 5,250 sq. ft. warehouse building is currently occupied by a successful CrossFit facility and is fully leased, offering immediate rental income. The building features excellent functionality with (3) 12' x 12' overhead doors and (2) 16' x 14' overhead doors, all equipped with automatic openers. North Unit:** Approximately 23' x 50' with a 12' x 17' mezzanine. **Interior Unit:** Approximately 59' x 50' featuring a mezzanine along the rear wall a half bath, and water heater. **South Unit:** Approximately 23' x 50' with no mezzanine. Each unit includes a separate steel service entrance door, providing convenient tenant access. Located with access from Michael Drive behind We Care, this versatile warehouse property offers a strong investment opportunity in a desirable Morris location. Fully rented and generating income-ideal for investors seeking a turnkey commercial asset or 1031 exchange opportunity. Tenant pays Real Property Taxes, Repairs & Maintenance, Water/Sewer, All Utilities, Exterior Maintenance & Trash Collection. Seller pays insurance. Also two small detached storage units that are on month to month lease basis included in the income details provided. PLEASE ABSOLUTELY DO NOT APPROACH THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT. AND PLEASE DO NOT APPROACH THE EXISTING TENANTS.

555 Michael Drive | MLS# 12654773

This commercial property located at 555 Michael Drive, Morris, IL 60450 is currently listed for sale with an asking price of $495,000. Search Morris real estate on dkarns.gogambino.com today.

Property Features

Property Type: Commercial - Business
Cooling: None
Lot Size: 0.12 Acres
Stories: 1.0
Taxes: $1,525
Year Built: 2001

Feature Descriptions

Electric: Circuit Breakers
Exterior: Steel Siding
Fire Protection: Fire Extinguisher/s
Foundation: Concrete Perimeter
Frontage Type: City Street, Public Road, Signal Intersection
HVAC: Ceiling Units
Lot Dimensions: 50X105
Miscellaneous Indoor: Overhead Door/s, Public Restroom/s
Number of Tenant(s): 1
Parcel#: 0233458003
Parking: 6-12 Spaces
Tenant Pays: Electricity, Heat, Taxes, Repairs, Sewer, All Utilities, Trash Collection
Units: 3
Utilities: Electric to Site, Natural Gas Available, Water Available

Listed By / Shown By

Listed By

Agency Name: Advantage Realty, Inc.
Agency Phone: 815-942-5252

Shown By

Agent Name: Dawn Karns
Agent Phone: (815) 494-6507
Agency Title: Gambino Realtors

IDX logo

Login to My Homefinder

Pixel