Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Masters Dr, Unit 17 Morrison, IL 61270

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Morrison, IL

    Lot size:
    0.60 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 12 at 6:06 am

    Property Features for Masters Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SINGL
    APN
    08131510010000
    Lot size
    0.60 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Barbara Kophamer
    Barbara Kophamer

    RE/MAX Sauk Valley (815) 625-3722

    Listing agent Barbara Kophamer (815) 772-4850

    Listing date Mar 6, 2026

    MLS# 10711185 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Established Subdivision

    Lot #17 is situated on the cul-de-sac towards the end of Master's Drive, located on the left side. This property is part of Cross Creek Estates, an established subdivision. The lot spans approximately 0.6 acres and features a hard-surfaced road. Natural gas is available within the subdivision. Located not far from town, this lot offers convenient access to local amenities. Covenants and an aerial view of the subdivision are available upon request. The zoning is SINGL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Morrison
    County
    Whiteside
    State
    Illinois
    Longitude
    -89.999924
    Latitude
    41.809881

    Nearby Similar for Sale

    • Contact for pricing
      4,728 SF

      McDonald's Dual Tenant Retail Building

      Retail building with McDonald's and Liquor Land tenants for sale.
      606 E Lincolnway, Morrison, IL 61270
      View Details
    • $99,900
      Pending

      Commercial Site with Great Exposure

      Commercial site with high visibility, suitable for various projects.
      126 E Lincolnway Rd, Morrison, IL 61270
      View Details
    • $800,000
      15,640 SF

      Morrison Industrial Property

      Two-building industrial complex, prime location.
      649 Lincolnway, Morrison, IL 61270
      View Details
    • $49,900
      2,080 SF

      Morrison Main Street Mixed-Use

      Prime location, updated interior, investment opportunity.
      125 Main St, Morrison, IL 61270
      View Details
    • $99,900
      3,278 SF

      Morrison Commercial Gem: Prime Location

      Versatile mixed-use building, ideal event space.
      126 Lincolnway, Morrison, IL 61270
      View Details
    • $99,900
      5,615 SF

      Morrison Commercial Property - Huge Potential

      Two-building commercial property, prime location.
      101 Market St, Morrison, IL 61270
      View Details
    • Contact for pricing

      Updated Office Building in Morrison

      Move-in ready office building with private offices and open space.
      105 E Main St, Morrison, IL 61270
      View Details
    • $99,900
      3,278 SF

      900 reflects that the roof will need to be replaced.""""}"""

      Morrison Mixed-Use Commercial Building
      126 Lincolnway Rd, Morrison, IL 61270
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available in Cross Creek Estates subdivision.
    Where is this residential land & home lot located?
    The property is located at Masters Dr, Unit 17 Morrison, IL.
    What is the asking price?
    The asking price for this property is $12,000.
    What are key features of this property?
    This property features: - Large Lot: Approximately 0.6 acres.; - Natural Gas Available.; - Located in Established Subdivision: Cross Creek Estates.
    (815) 772-4850
    Request Owner's contact information
    Masters Dr, Unit 17 Morrison, IL 61270
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Masters Dr, Unit 17
    Morrison, IL 61270
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Masters Dr, Unit 17 Morrison, IL 61270
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Barbara Kophamer
    Barbara Kophamer
    Real Estate License ID: 471001500
    (815) 772-4850 (815) 625-3722 (815) 626-3034
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!