Updated Office Units with
For Sale
Contact for pricing
101 East Main Street, Morrison, IL 61270
Updated business space offers street-level access, multiple exits, and kitchens, bathrooms, and meeting areas on each level.
Property Size1,702 SF
Price / SF$1.06
Days on Market1174
Property Features for 101 East Main Street
General Information
Standard status
Active
Size
1,702 SF
Zoning
COMMR
Additional Details
Floor
Street Level
Taxes and HOA fees
Annual Taxes
$1,204
Amenities
kitchens
bathrooms
meeting areas
Building Details
Stories
2
Listing Agency:
RE/MAX Sauk Valley
Listed By:
Barbara Kophamer · License #471001500
(815) 772-4850
Source:
Compass
Added: Jul 30, 2023
Changed: Oct 11
Last Checked: Oct 15 at 2:02AM
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 RE/MAX Sauk Valley
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated office property combines a street-level workspace with a finished basement, providing a practical two-level configuration for business use. The main level includes a rear exit, while the basement has a west exit. Kitchens, bathrooms, and meeting areas are provided on each level alongside the office areas. The offering totals 1702 square feet, including a 1100 sq foot street-level area and additional finished basement space.
Located at 101 East Main Street in Morrison, Illinois, the property is expected to be available by June 2025. The two spaces may also be considered separately, offering flexibility for an owner-user or separate occupants.
Located at 101 East Main Street in Morrison, Illinois, the property is expected to be available by June 2025. The two spaces may also be considered separately, offering flexibility for an owner-user or separate occupants.
Key Highlights
- 1702‑square‑foot office property with 1100 sq foot street‑level area
- Finished basement provides additional office or business space
- Kitchens, bathrooms, and meeting areas on each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,351
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,020
$227.0K
Cap Rate 7%
$162,157
$162.2K
Cap Rate 9%
$126,122
$126.1K
Market Conditions
NOI Build-Up for 1,702 SF
Gross rent
$19.4K $11.40/SF
− Vacancy
−$4.3K −$2.51/SF
EGI
$15.1K $8.89/SF
− OpEx
−$3.8K −$2.22/SF
NOI
$11.4K $6.67/SF
Area
Whiteside County, IL
Vacancy
22.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,020
Cap Rate 7%
$162,157
Cap Rate 9%
$126,122
Alternative Uses
Best Use
Office B
$162.2K
$141.9K – $189.2K
NOI $11,351 @ 7.0% cap · market cap 630.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$318.4K
$278.6K – $371.5K
NOI $22,288 @ 7.0% cap · market cap 1,238.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 61270, IL
7,055
Population
2,965
Households
2.4
Avg Household Size
46
Median Age
30%
College-Educated
93%
High-School Grad
151.0 sq mi
ZIP Area
47
Density / Sq Mi
$82,782
Median Household Income
$44,199
Median Earnings
$981
Median Rent
$165,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Updated business space offers street-level access, multiple exits, and kitchens, bathrooms, and meeting areas on each level.
Where is this office units located?
The property is located at 101 East Main Street Morrison, IL.
What are key features of this property?
This property features: 1702‑square‑foot office property with 1100 sq foot street‑level area; Finished basement provides additional office or business space; Kitchens, bathrooms, and meeting areas on each level
