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    405 Charles St Mount Morris, IL 61054

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    For Sale
    $199,500

    Spacious 5,500+ sq ft building on 2.2-acre lot.

    Property size:
    5,589 SF
    Lot size:
    1.60 Acres

    Property Features for 405 Charles St

    General Information

    Size
    5,589 SF
    Lot size
    1.60 Acres

    Source: RE/MAX OF ROCK VALLEY Agent Rebecca Hazzard

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

    Overview

    Versatile Building on Prime Lot

    This expansive building, offering over 5,500 square feet of finished space, is situated on a 2.2-acre lot in Mt. Morris. Previously used as a medical office, the property presents opportunities for entrepreneurs, investors, or developers. The flexible layout and ample square footage can accommodate a range of uses, including a wellness center, professional office suites, event space, or even a residential conversion. The property combines location, size, and untapped potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isaac H. Cha, ... Pharmacy Uic Primary Care ... Medical Clinic Uic Primary Care ... Doctor Dr. Loyd J. ... Geriatrician

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy Skin Care Clinic Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Morris
    County
    Ogle
    State
    Illinois
    Longitude
    -89.422517
    Latitude
    42.04362

    Nearby Similar for Sale

    • $399,000
      4,400 SF

      Turnkey Restaurant Business Opportunity

      Turnkey restaurant and bar with strong customer base for sale.
      10 E Hitt St, Mount Morris, IL 61054
      View Details

    FAQs

    What type of property is this?
    Medical office - Spacious 5,500+ sq ft building on 2.2-acre lot.
    Where is this medical office located?
    The property is located at 405 Charles St Mount Morris, IL.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: - Large 2.2 acre lot in Mt. Morris; - Over 5,500 square feet of finished space; - Versatile property suitable for various uses such as wellness center, office suites, event space, or even residential conversion
    (815) 509-8432
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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
    405 Charles St Mount Morris, IL 61054
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