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513/517 Michael Drive #513,  Morris IL, 60450

(Active)
$289,500
|
2,080 sqft
|
MLS# 11875775
Last Updated: 5/19/2024 9:22 AM
Description for 513/517 Michael Drive #513 Morris, IL 60450
This brick and vinyl commercial building is highly visible from a signaled intersection on busy west Rt.6 in Morris. This property has been owned by the seller for 31 years. It is fully depreciated so it is time for the next investor to add it to their portfolio. This attractive building has two commercial units on the first floor leased by a beauty salon and a construction company. The entire second floor is a two bedroom apartment, in very good condition, with a deck that overlooks green space. The appliances in the apartment are included in the sale. The parking lot is striped for 8 spaces. This building has been well maintained and features newer vinyl windows, a high efficiency boiler that is 6 years old, a water heater installed March 2023, and many other recent improvements. Apartment tenant and beauty shop tenant have leases in place. This is your chance to own a three unit income producing property in a great location in Morris!
Price
$289,500
Grundy
2,080 (approx)
11875775
Active
Description
This brick and vinyl commercial building is highly visible from a signaled intersection on busy west Rt.6 in Morris. This property has been owned by the seller for 31 years. It is fully depreciated so it is time for the next investor to add it to their portfolio. This attractive building has two commercial units on the first floor leased by a beauty salon and a construction company. The entire second floor is a two bedroom apartment, in very good condition, with a deck that overlooks green space. The appliances in the apartment are included in the sale. The parking lot is striped for 8 spaces. This building has been well maintained and features newer vinyl windows, a high efficiency boiler that is 6 years old, a water heater installed March 2023, and many other recent improvements. Apartment tenant and beauty shop tenant have leases in place. This is your chance to own a three unit income producing property in a great location in Morris!
Listing Information
Property Type: Mixed Use, Business Opportunities, 2 Story
0.13 Acres 2,080 (approx) 1966
2 Block,Brick,Vinyl siding
Saratoga//
Public
3 Total
Commercial
Neighborhood
Room Information
Interior Features
Tile, Carpet, Varies
Window Unit(s)
Exterior / Lot Features
Brick, Vinyl, Block
Composition
84X66
COMMR
Driving Directions
I-80 to RT.47 south to Rt.6 west to Michael Dr. north to property on left. Can easily be seen from the intersection of Rt.6 and Michael Drive.
Financial Considerations
0233377010
$4,188
Listing Price History

Morris Real Estate

Morris is located in Illinois. Morris, Illinois 60450 has a population of 13,826.

The median household income in Morris, Illinois 60450 is $77,407. The median household income for the surrounding county is $79,417 compared to the national median of $66,222. The median age of people living in Morris 60450 is 39 years.

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Courtesy: Century 21 Coleman-Hornsby
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/19/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/19/2024 9:22 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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