Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Conditioned Office/Warehouse on Highway 78 Title is generated by Realmo AI

    13459 Crosby Rd, Morrison, IL 61270

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    9,000 SF conditioned space with utilities included near downtown Morrison.

    Type:Retail, Office, Special Purpose
    Property size:
    9,000 SF
    Added:
    Feb 25, 2025
    Days on Market:
    442
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 13459 Crosby Rd

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    Retail, Office, Special Purpose

    Spaces For Lease

    at 13459 Crosby Rd Contact us

    $6 /Mo

    Size
    9,000 SF
    Type
    Retail, Office, Special Purpose
    Contact us

    We can help!

    Listing Contact
    Jeremy Brandow
    Jeremy Brandow

    Listing agent Jeremy Brandow License #IL 475142156

    Listing office Coldwell Banker Real Estate Champaign

    Listing date Feb 25, 2025

    Source Crexi

    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 Coldwell Banker Real Estate Champaign

    HighLights

    • 9,000 SF Fully Conditioned Space with All Utilities Included
    • Gross Lease Structure Includes Utilities, Snow Removal, Lawn Care, and Exterior/Mechanical Maintenance
    • High‑Visibility Location on Highway 78
    • Flexible Layout Suitable for Various Uses
    • Rear Loading Deck with 12’ Overhead Door
    • 2 Minutes from Downtown Morrison

    Overview

    This 9,000 square foot conditioned office and warehouse building, currently used as a furniture showroom, offers high visibility and traffic exposure on Highway 78, located two minutes from downtown Morrison. The property features a flexible layout and a gross lease structure. The space includes all utilities: electric, gas, and water. The gross lease covers snow removal, lawn care, and exterior and mechanical maintenance. The property has front customer parking, additional side parking for equipment or vehicles, and a rear loading deck with a 12-foot overhead door. Interior features include an executive office, reception area, bathroom, kitchenette, workshop area, and multiple showroom spaces that can be reconfigured or subdivided. Potential uses include a retail showroom, office or professional services, classrooms or a training facility, a warehouse with office buildout, a contractor or trade-based business, or a mixed office and workshop operation. The property's location on Highway 78 provides easy access for customers, employees, and deliveries.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Kitchen & Bath Showroom Furniture & Home Goods Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Morrison
    County
    Whiteside
    State
    Illinois
    Longitude
    -89.9658761
    Latitude
    41.7770636

    FAQs

    What type of property is this?
    Flex space - 9,000 SF conditioned space with utilities included near downtown Morrison.
    Where is this flex space located?
    The property is located at 13459 Crosby Rd Morrison, IL.
    What are key features of this property?
    This property features: 9,000 SF Fully Conditioned Space with All Utilities Included; Gross Lease Structure Includes Utilities, Snow Removal, Lawn Care, and Exterior/Mechanical Maintenance; High‑Visibility Location on Highway 78
    (217) 351-1988 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeremy Brandow
    Jeremy Brandow
    Real Estate License ID: IL 475142156
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13459 Crosby Rd, Morrison, IL 61270
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!