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    1299 Leah Rd Morris, IL 60450

    Sponsored
    For Sale
    $1,490,000

    Five leased condos plus land for expansion. Exceptional investment.

    Property size:
    13,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity in Morris, Illinois, presents a portfolio of five industrial condos, each currently leased, generating immediate monthly income. The property is situated on a substantial 3.75-acre lot, offering significant potential for future development and expansion. The existing 13,000 square foot industrial condo complex provides a stable revenue stream, making it an attractive proposition for investors seeking a strong return on investment. Beyond the existing income-producing assets, the property includes an additional 2.2 acres of fully improved land, ready for the construction of two more industrial buildings. This presents a unique opportunity to increase the property's value and rental income significantly. The strategic location in Morris, Illinois, offers convenient access to major transportation routes and a growing industrial market. This turnkey investment is ideal for those seeking a blend of immediate income and long-term growth potential. The existing leases provide a solid foundation for future profitability, while the available land offers the flexibility to tailor the property to evolving market demands. This is a rare opportunity to acquire a well-established, income-generating property with substantial room for expansion and value appreciation. The fully improved land eliminates the complexities and delays often associated with new construction, allowing for a swift and efficient expansion strategy.

    Property Features for 1299 Leah Rd

    General Information

    Property type
    Investment properties
    Square Feet
    13,000 SF
    Lot Size
    163,350 SF

    Building Details

    Year Built
    2009
    Location Intelligence

    Current Use by Public Records

    Midwest Industrial Tire Tire Shop American Mantle Company ... Wholesaler Penske Truck Rental Truck Rental Agency Automotive Performance Auto Repair Shop Priority Towing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Hair Salon Wholesale Shop Auto Repair Shop 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
    -88.40748
    Latitude
    41.38136

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    FAQs

    What type of property is this?
    Investment property - Five leased condos plus land for expansion. Exceptional investment.
    Where is this investment property located?
    The property is located at 1299 Leah Rd Morris, IL.
    What is the asking price?
    The asking price for this property is $1,490,000.
    (815) 941-0207
    Request Owner's contact information
    1299 Leah Rd Morris, IL 60450
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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
    1299 Leah Rd Morris, IL 60450
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