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    7 Unit Morton, IL 61550

    Sponsored
    For Sale
    $299,000

    2.38 Acres, Prime Location, $299,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property presents a rare opportunity to acquire 2.38 acres of land ideally situated on N Main Street in Morton, Illinois. The expansive lot, designated as Unit Lot 7, offers significant potential for a wide range of commercial ventures. Its prime location on N Main Street ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving community. The property's generous size allows for ample space for development, accommodating various building sizes and configurations to suit specific business needs. The absence of existing structures provides a blank canvas for creating a custom-designed commercial space, tailored to meet the unique requirements of the future owner. This presents a unique chance to build a new facility or to expand an existing business. The property's location in Morton, IL offers access to a robust local economy and a strong community infrastructure. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel offers. The asking price is $299,000, reflecting the significant value and potential of this prime location. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure a prominent commercial presence in a desirable area.

    Property Features for 7 Unit

    General Information

    Property type
    Other commercial real estate
    Lot Size
    103,673 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morton
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.46166
    Latitude
    40.61046

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    FAQs

    What type of property is this?
    Commercial real estate - 2.38 Acres, Prime Location, $299,000
    Where is this commercial real estate located?
    The property is located at 7 Unit Morton, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    Request Owner's contact information
    7 Unit Morton, IL 61550
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    Morton, IL 61550
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    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
    7 Unit Morton, IL 61550
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