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Medical Office Building with Basement
For Sale
Under Contract
$550,000

1561 N Division Street, Morris, IL 60450

Commercial Sale, Morris, IL

Property Size4,600 SF
Lot Size8.34 Acres
Price / SF$119.57
Days on Market693

Property Features for 1561 N Division Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning COMMR
Directions Rt. 47 on east side of street across from Walgreens
Subdivision Morris
Standard status Active Under Contract
APN 0234351014
Lot size 8.34 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 12186

Utilities

Utilities Water Available
Cooling system Central Air

Building Details

Year built 1983
Floors in Building 1
Building materials Brick, Block, Wood
Listing Agency: RE/MAX Top Properties · RE/MAX International
Listed By: David Welter · License #475183240
Added: Oct 22, 2024 Changed: Aug 20 Last Checked: Sep 14 at 10:06AM
MLS# 12194178

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4,600-square-foot medical office building includes 2,300 square feet on the main level and another 2,300 square feet in the basement. The layout contains 10 exam rooms, including 8 with plumbing, along with 3 bathrooms, a reception area, and 2 private offices. Central air serves the building, which was constructed in 1983 and features brick, block, and wood materials. The basement was previously finished and provides additional interior area for future use or restoration.

The sale includes adjacent vacant land, with the property situated on Division Street in Morris, Illinois. Ample parking is available, and the site is zoned COMMR. Water is available to the property. The building is offered as-is.

Key Highlights

  • 4,600 sq. ft. building with 2,300 sq. ft. main level and 2,300 sq. ft. basement
  • 10 exam rooms, including 8 equipped with plumbing
  • 3 bathrooms, reception area, and 2 private offices

Property Analytics

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Current Use

Ultimate Rides Car Dealership

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Garden Center HVAC Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

765
Businesses Nearby
Balanced
Demand for This Use

Demographics for 60450, IL

20,877
Population
9,306
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
157.6 sq mi
ZIP Area
132
Density / Sq Mi
$81,716
Median Household Income
$45,813
Median Earnings
$1,122
Median Rent
$266,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Bainbridge David W DVM 608 Bedford Rd, Morris, IL 60450
  • Morris Veterinary Hospital, PC 608 Bedford Rd, Morris, IL 60450
  • Animal Care Hospital of Morris Inc 1410 Liberty St, Morris, IL 60450

Frequently Asked Questions

What type of property is this?
Medical Office Space - Brick, block, and wood medical office property with exam rooms, private offices, parking, and available water service.
Where is this medical office space located?
The property is located at 1561 N Division Street Morris, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,600 sq. ft. building with 2,300 sq. ft. main level and 2,300 sq. ft. basement; 10 exam rooms, including 8 equipped with plumbing; 3 bathrooms, reception area, and 2 private offices
More about this property
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