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    1815 Morrissey Dr Bloomington, IL 61704

    For Sale
    $2,556,000

    59,460 SF warehouse on 9.1 acres near Route 150.

    Property size:
    59,460 SF

    Property Features for 1815 Morrissey Dr

    General Information

    Size
    59,460 SF

    Building Details

    Year built
    1964

    Source: Jill Spratt Agent Jill Spratt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Central Illinois Warehouse Investment Opportunity

    This 59,460 square foot warehouse, situated on a 9.1-acre lot in Central Illinois, presents an investment opportunity. The property is located near Route 150, with access to major interstates, and approximately 9 miles from the Rivian Automotive Plant. Currently leased to multiple tenants with varied lease terms, the building offers immediate income and flexibility for future occupancy or redevelopment. The property is suitable for logistics, manufacturing, distribution, or expansion. The warehouse includes 5 drive-in bays and 4 dock doors and is fully sprinklered. The expansive lot provides parking, outdoor storage capacity, and potential for future expansion. The property is located off Morrissey Drive (Rt. 150) and just north of Rhodes Lane and is centrally located between Chicago, St. Louis, and Indianapolis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Infinity Martial Arts Martial Arts School Price Cemetery Cemetery Weaver's Rent-All Equipment Rental Agency Let's Party Rental Tent Rental Service Diamond Buildings LLC Portable Building Manufacturer

    Suggested Use

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

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

    Similar Places Nearby

    Tentac Self Storage, Ks Distribution Center, Gildner Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9700987
    Latitude
    40.4523083

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    FAQs

    What type of property is this?
    Warehouse - 59,460 SF warehouse on 9.1 acres near Route 150.
    Where is this warehouse located?
    The property is located at 1815 Morrissey Dr Bloomington, IL.
    What is the asking price?
    The asking price for this property is $2,556,000.
    What are key features of this property?
    This property features: - Sizeable 59,460 sq ft warehouse on 9.1 acres, suitable for various uses.; - Prime Central Illinois location with excellent accessibility near Route 150 and major interstates.; - Currently leased to multiple tenants, providing immediate income and flexibility.
    (217) 722-3584
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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
    1815 Morrissey Dr Bloomington, IL 61704
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