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555 Michael Drive Morris, IL 60450

$495,000
New / MLS# 12654773 / Commercial - Business / Morris
0 Beds
5250 SqFt

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.

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Baird & Warner Jeanine Shimer Agent Cell: 773.319.4195 Email

Property Details

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

Location

See details and scored characteristics about this location.

Listing Office: Advantage Realty, Inc.

Listing Office Phone: 815-942-5252



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