Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1561 Division St Morris, IL 60450

    Sponsored
    For Sale
    $599,000

    Versatile 8.34-acre medical building, $599,000

    Property size:
    2,484 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 1561 N Division Street in Morris, Illinois, presents a unique investment opportunity. The substantial 4,600 square foot building sits on a generous 8.34-acre lot, including adjacent vacant land, providing ample space for expansion or future development. Previously used as a medical office, the building features ten exam rooms, eight of which are plumbed and ready for immediate use. Three bathrooms, a large reception area, and two private offices provide a functional and well-organized layout. A full basement, previously finished, offers significant potential for additional usable space, subject to any necessary renovations. The property benefits from excellent visibility and ample parking, ensuring convenient access for clients and employees. The sale includes the building and land "as is," presenting a compelling opportunity for investors or businesses seeking a prominent location with significant expansion potential in a thriving community. The property's size and versatile layout make it suitable for a wide range of commercial uses. The 2,484 square feet of main floor space, combined with the basement, offers a significant amount of usable area. The inclusion of the adjacent vacant land adds to the property's overall value and potential for future development.

    Property Features for 1561 Division St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,484 SF
    Lot Size
    363,290 SF

    Building Details

    Year Built
    1983
    Property Profile Location Intelligence

    Current Use by Public Records

    Ultimate Rides Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morris
    County
    Grundy
    State
    Illinois
    Longitude
    -88.42162
    Latitude
    41.37415

    Nearby Comparable

    • $599,000
      8.34 Acres

      Versatile Building on Large Lot

      Former medical office on 8.43 acres with ample parking.
      1561 N Division St, Morris, IL 60450
      View Details
    • $798,000
      12.47 Acres

      Parklake Village Residential Land

      Three prime residential lots in Morris, IL.
      0 Parklake Dr, Morris, IL 60450
      View Details
    • $170,000
      0.32 Acres

      Commercial Land on High-Traffic Route

      0.32-acre property with potential on high-traffic Route 6.
      523 Bedford Rd, Morris, IL 60450
      View Details
    • $799,000
      8,700 SF

      Downtown Morris Mixed-Use Gem

      Two buildings, 8700 sq ft, prime location.
      310/312 Liberty St, Morris, IL 60450
      View Details
    • $980,000
      15,000 SF

      Historic Downtown Morris Gem

      15,000 sq ft Mixed-Use Building
      316/318 Liberty St, Morris, IL 60450
      View Details
    • $1,490,000
      13,000 SF

      Morris Industrial Portfolio: High ROI Potential

      Five leased condos plus land for expansion. Exceptional investment.
      1299 Leah Rd, Morris, IL 60450
      View Details
    • $379,000

      Morris IL Duplex Investment Opportunity

      Two well-maintained duplexes, each with 2 beds, 1 bath.
      1009/1011 Dupont Ave, Morris, IL 60450
      View Details
    • New
      $525,000

      Multifamily Homes Near Downtown Morris

      Two multifamily homes with four well-maintained apartments near downtown.
      420-416 W Jackson St, Morris, IL 60450
      View Details
    • $9,526,679
      127,345 SF

      Prime Morris, IL Industrial Building

      127,345 SF Warehouse, M-2 Zoning
      2000 Ashley Rd, Morris, IL 60450
      View Details
    • $549,750
      0.11 Acres

      Downtown Morris Retail Opportunity

      Two buildings totaling 14,000 SF in downtown Morris, Illinois.
      110-112 W Washington St, Morris, IL 60450
      View Details
    • Contact for pricing
      1,900,000 SF

      Industrial Land For Sale

      Industrial land with flexible sizes, utilities, and M-1 zoning.
      291 County Rd 9000 N, Morris, IL
      View Details

    Nearby Similar for Sale

    • New
      $525,000

      Multifamily Homes Near Downtown Morris

      Two multifamily homes with four well-maintained apartments near downtown.
      420-416 W Jackson St, Morris, IL 60450
      View Details
    • $549,750
      0.11 Acres

      Downtown Morris Retail Opportunity

      Two buildings totaling 14,000 SF in downtown Morris, Illinois.
      110-112 W Washington St, Morris, IL 60450
      View Details
    • $379,000

      Morris IL Duplex Investment Opportunity

      Two well-maintained duplexes, each with 2 beds, 1 bath.
      1009/1011 Dupont Ave, Morris, IL 60450
      View Details
    • Contact for pricing
      756,000 SF

      756,000 SF Industrial Facility

      756,000 SF industrial building on 65.98 acres.
      6 Brisbin Rd & Rte, Morris, IL
      View Details
    • $980,000
      15,000 SF

      Historic Downtown Morris Gem

      15,000 sq ft Mixed-Use Building
      316/318 Liberty St, Morris, IL 60450
      View Details
    • $799,000
      8,700 SF

      Downtown Morris Mixed-Use Gem

      Two buildings, 8700 sq ft, prime location.
      310/312 Liberty St, Morris, IL 60450
      View Details
    • Contact for pricing
      250,000 SF

      Prime Morris, IL Warehouse Space

      Flexible Industrial Space, Excellent Location
      8815 Morris Il, Morris, IL 60450
      View Details
    • $9,526,679
      127,345 SF

      Prime Morris, IL Industrial Building

      127,345 SF Warehouse, M-2 Zoning
      2000 Ashley Rd, Morris, IL 60450
      View Details
    • $1,490,000
      13,000 SF

      Morris Industrial Portfolio: High ROI Potential

      Five leased condos plus land for expansion. Exceptional investment.
      1299 Leah Rd, Morris, IL 60450
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Versatile 8.34-acre medical building, $599,000
    Where is this commercial real estate located?
    The property is located at 1561 Division St Morris, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    (815) 942-1133
    Request Owner's contact information
    1561 Division St Morris, IL 60450
    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.
    1561 Division St
    Morris, IL 60450
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1561 Division St Morris, IL 60450
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.