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316/318 Liberty St Morris, IL 60450

For Sale
$980,000

15,000 sq ft Mixed-Use Building

Property size:
15,000 SF

Description

Added:
Feb 3, 2025
Days on Market:
306
The Gebhard Building, a stunning example of 1885 architecture, presents a rare investment opportunity in the heart of Morris, IL's historic downtown district. This three-story, 15,000 square foot mixed-use property boasts a blend of historic charm and modern functionality. Originally constructed by Louis Gerhard, founder of the Gerhard Brewery, the building stands as a testament to the town's rich history. Currently, the building houses a diverse tenant mix, including seven commercial and office spaces, and six residential apartments, all generating consistent rental income. The long-term tenants ensure a stable cash flow, making this an attractive investment for those seeking a reliable return. Recent updates have been implemented to maintain the building's architectural integrity while enhancing its functionality and appeal. The property's prime location within Morris' vibrant downtown area, surrounded by thriving shops, restaurants, and community events, guarantees high visibility and accessibility. The flexible use potential allows for a variety of income-generating strategies, catering to retail, office, or residential needs. This is an exceptional opportunity to acquire a historically significant property with established tenants in a thriving community, offering both financial stability and a piece of Morris' legacy. The building's size and diverse tenant base provide a strong foundation for future growth and potential appreciation.

Property Features for 316/318 Liberty St

General Information

Property type
Mixed-use properties
Square Feet
15,000 SF

Building Details

Year Built
1885

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Morris
County
Grundy
State
Illinois
Longitude
-88.4113
Latitude
41.3744

FAQs

What type of property is this?
Mixed-use property - 15,000 sq ft Mixed-Use Building
Where is this mixed-use property located?
The property is located at 316/318 Liberty St Morris, IL.
What is the asking price?
The asking price for this property is $980,000.
More about this property
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