513/517 Michael Dr., Morris, IL

Others for Sale - $289,500 - 2,080 Sq. Ft. on 0.13 acres


Agent Info

Shawn Hornsby
CENTURY 21 Coleman-Hornsby

Property Info

CIMLS#1147786
Location
  513/517 Michael Dr.
  Morris IL 60450
UpdatedApril 18th, 2024
TypeOthers
Price$289,500
Building2,080 Sq. Ft.
Land0.13 acres

Property 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!


Financials



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