5 Industrial Condos fully leased. Also included is 2.2 acres of fully improved land to accommodate two additional industrial buildings. Great investment opportunity to obtain monthly income with the ability to add value.
The Gebhard Building - A Historic Gem in Downtown Morris, IL! Built in 1885 by Louis Gerhard, founder of Gerhard Brewery, the Gebhard Building is a timeless landmark located in the heart of the Morris Downtown Historic District. Spanning approximately 15,000 square feet across three floors, this property blends historic charm with modern amenities, making it an excellent investment opportunity. The building features a diverse mix of long-term tenants, including 7 commercial and office spaces and 6 residential apartments. It offers flexible use potential, making it ideal for retail, office, or residential rental income. Recent updates ensure the building is well-maintained, preserving its architectural integrity while enhancing functionality. With a prime location in Morris' vibrant downtown, known for its bustling shops, restaurants, and events, the Gebhard Building presents a unique chance to own a piece of local history with reliable cash flow potential. This is a rare opportunity for investors or business owners seeking a historically significant property with established tenants in a thriving community.
This versatile 4,600 sq. ft. building, formerly a medical office, sits on a generous 8.43-acre lot with adjacent vacant land included in the sale. Inside, you'll find 10 exam rooms-8 already outfitted with plumbing-3 bathrooms, a spacious reception area, and 2 private offices. The property also boasts a full basement that was once finished and could easily be restored, offering even more usable space. With ample parking and excellent visibility, this property is ideal for businesses seeking prime exposure. Sold "as-is," this is a fantastic opportunity for investors or expanding businesses.
Great investment opportunity. 3- unit industrial building built in 2008. Steel frame construction with 800 amp, 3 phase electric & 4 - 12' overhead doors. One unit available for lease.
So many possibilities here. This over 8,000 square foot building includes 3 levels of usable space. An auditorium with room to seat 200, a balcony, 4 offices, 7 classrooms, a common area, a storage room as well as attic storage and 5 bathroom facilities. 8 paved parking spots in the rear of the building and a handicap accessible ramp on the East side of the building. So many updates have been completed as well-2 new boilers in 2019, central air in 2017, roof in 2008, gutters in 2015, carpet/flooring replaced in 2012 and 2017.
Very well maintained and total recent rehab of these two centrally located downtown Morris buildings on Liberty Street. Presently one PIN but could be separated after purchase. Currently used for food and beverage operation. Business is not included. There are kitchens in the back of both buildings and all equipment remains. 310 building has large main floor dining/gathering space and a kitchen. The second floor has two additional dining/party rooms. One with main floor exterior access. 312 building features a bar and dining area on both floors, his & her bathrooms on both floors and an additional party room on the second floor. First floor features full kitchen. Second floor also has exterior access. Finishing this building is a completely finished basement featuring walk-in coolers, freezers and dry storage. Additional kitchen prep space also. Different design elements throughout the building, such as stone fireplace, brick walls extensive use of corrugated steel and chain link fencing for a unique design feature. One of the only downtown buildings which features elevator access between floors. Current tenant would like to remain if possible.
Morris is located in Illinois. Morris, Illinois has a population of 14,601. Morris is less family-centric than the surrounding county with 29.97% of the households containing married families with children. The county average for households married with children is 37%.
The median household income in Morris, Illinois is $65,911. The median household income for the surrounding county is $81,764 compared to the national median of $69,021. The median age of people living in Morris is 37.8 years.
The average high temperature in July is 84.5 degrees, with an average low temperature in January of 15.3 degrees. The average rainfall is approximately 37.6 inches per year, with 22.4 inches of snow per year.