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Mixed-Use Building with Multiple Suites
New
For Sale
$1,600,000

124 W Illinois Ave, Morris, IL 60450

Brick downtown property combines retail, office, and service space across several tenant suites.

Property Size17,112 SF
Price / SF$93.50
Days on Market7

Property Features for 124 W Illinois Ave

General Information

Standard status Active
Size 17,112 SF
Total Parking Spaces 7

Amenities

outdoor patio area

Building Details

Year Built 1950
Buildings 1
Construction all-brick
Tenancy Multi
Listing Agency: Century 21 Coleman-Hornsby
Listed By: Shawn Hornsby · License #471015656
Source: Realtopiare
Added: Sep 29 Changed: Oct 3 Last Checked: Oct 4 at 3:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Coleman-Hornsby

Investment Insights

Based on property information with market context.

This 17,112-square-foot, all-brick mixed-use property in Morris has above-grade commercial space, a dry basement, and multiple suites. Current occupants include Sublime Wear USA, National Disability Experts Law Firm, and Chicago Title. Configurations range from open retail space with a second-floor office and lunchroom to private offices, conference space, work areas, and two-story suites. Additional features include a patio, seven on-site parking spaces, and alley access through an overhead delivery door. The building dates to 1950 and received a roof replacement in 2021 and four rooftop HVAC units in 2022.

The property is in Morris’ downtown business district, near the Grundy County Courthouse and historic buildings. Two municipal parking lots across the street provide an additional 43 spaces.

Key Highlights

  • 17,112 square feet of above‑grade area, plus a dry basement
  • Current tenants include Sublime Wear USA, National Disability Experts Law Firm, and Chicago Title
  • Seven on‑site parking spaces; two municipal lots across the street add 43 spaces

Property Analytics

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Current Use

Sublime Wear USA Clothing Store

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Dental Office Auto Parts Store Restaurant Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

603
Businesses Nearby
4k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 68% Dining 32%
Old National Bank Shops & Services
2,675 visits/mo 0.2 miles
Aurelio's Pizza Dining
1,450 visits/mo 0.5 miles
Napa Auto Parts Shops & Services
352 visits/mo 0.2 miles

Demographics for 60450, IL

20,877
Population
9,306
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
157.6 sq mi
ZIP Area
132
Density / Sq Mi
$81,716
Median Household Income
$45,813
Median Earnings
$1,122
Median Rent
$266,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick downtown property combines retail, office, and service space across several tenant suites.
Where is this mixed-use property located?
The property is located at 124 W Illinois Ave Morris, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 17,112 square feet of above‑grade area, plus a dry basement; Current tenants include Sublime Wear USA, National Disability Experts Law Firm, and Chicago Title; Seven on‑site parking spaces; two municipal lots across the street add 43 spaces
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