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    Morton Retail and Office Spaces Title is generated by Realmo AI

    1909-2141 S Main St Morton IL USA, Morton, IL 61550

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    For Lease
    Contact for pricing

    Retail and office suites available in Morton, Illinois.

    Type:Retail, Office, Industrial
    Property size:
    20,323 SF
    Added:
    Jan 29, 2026
    Days on Market:
    103
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 1909-2141 S Main St Morton IL USA

    General Information

    Standard status
    Active
    Size
    20,323 SF
    Property subtype
    Retail, Office, Industrial

    Spaces For Lease

    at 1909-2141 S Main St Morton IL USA Contact us

    Suite 1925 $7 /Mo

    Size
    1,560 SF
    Type
    Retail
    small freestanding building behind the main storefronts. NOT visible from the road,...
    show more
    Contact us

    Suite 1939-A $7 /Mo

    Size
    4,540 SF
    Type
    Retail, Office
    Contact us

    Suite 1939-B: FLEX $7 /Mo

    Size
    2,500 SF
    Type
    Industrial
    Flex suite with rear access & bay door
    Contact us

    Suite 1941 $7 /Mo

    Size
    8,300 SF
    Type
    Retail, Office
    Contact us

    Suite 1945-A $7 /Mo

    Size
    4,983 SF
    Type
    Retail, Office
    former church with a small stage in the main room and several offices in the back
    Contact us

    Suite 2005 $7 /Mo

    Size
    17,542 SF
    Type
    Retail
    former Billy's Furniture
    Contact us

    Suite 2015 $7 /Mo

    Size
    2,500 SF
    Type
    Retail
    former Yogi's Liquor
    Contact us

    Suite 2017 $7 /Mo

    Size
    2,494 SF
    Type
    Retail
    former cleaner's with a small retail storefront & office, and more industrial space...
    show more
    Contact us

    Suite 2025 $7 /Mo

    Size
    9,476 SF
    Type
    Retail
    former Dollar General with wide-open floor plan and warehouse space in the rear with...
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    Contact us

    Suite 2029 $7 /Mo

    Size
    2,699 SF
    Type
    Retail
    former The Cookery
    Contact us

    Suite 2033: FLEX $7 /Mo

    Size
    1,732 SF
    Type
    Industrial
    Flex suite with rear access only
    Contact us

    Suite 2051 $7 /Mo

    Size
    3,537 SF
    Type
    Retail
    wide open retail space with stairs & conveyor belt in the rear to a large upstairs...
    show more
    Contact us

    Suite 2109 - 2nd Floor OFFICES $7 /Mo

    Size
    3,288 SF
    Type
    Office
    2nd floor Offices with high quality build-out. Up to 3,288 SF available.
    Contact us

    Suite 2125 $7 /Mo

    Size
    14,253 SF
    Type
    Retail
    former Mission Mart Thrift Store
    Contact us

    Suite 2131: INTERIOR $7 /Mo

    Size
    797 SF
    Type
    Retail, Office
    former photography studio; interior suite located off a common hall
    Contact us

    Suite 2135 $7 /Mo

    Size
    1,498 SF
    Type
    Retail, Office
    Contact us

    Suite 2141 $7 /Mo

    Size
    2,128 SF
    Type
    Retail, Office
    rear corner unit with small private parking area facing I-155
    Contact us
    Show more

    We can help!

    Listing Contact
    Saben Emery

    Listing agent Saben Emery License #TX

    Listing office Woodcrest Capital

    Listing date Jan 29, 2026

    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 Woodcrest Capital

    HighLights

    • High visibility and great accessibility directly off Interstate 155.
    • Strong traffic counts due to location.
    • Variety of suite sizes available, ranging from 923‑20,323 SF.
    • Diverse tenant mix suitable for retail, restaurant, office, medical, or professional services.
    • Flexible lease terms offered by Woodcrest Capital.
    • Join long‑term tenants like La Gondola and Morton Cinemas.

    Overview

    Field Shopping Center is a neighborhood shopping center with approximately 140,000 square feet of space. It is located directly off an exit ramp of Interstate 155 in Morton, Illinois, offering strong traffic counts, high visibility, and great accessibility. Multiple retail and office suites are available, ranging in size from 923 to 20,323 square feet. The center is home to long-term tenants including La Gondola and Morton Cinemas. Commercial suites are available to lease for various uses, including traditional retail storefronts, restaurants, offices, medical facilities, and other professional service providers. The center welcomes both first-time and franchise businesses, offering easy-to-read leases and flexible terms. It also caters to national credit tenants. The center is under family ownership with over 40 years of experience in commercial real estate.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Field Shopping Center — Morton, IL 61550

    Location Insight

    • Map
    • Local Demand
    City
    Morton
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.477133
    Latitude
    40.58976

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      Retail Space in Kroger Center

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      Retail Space in Kroger Center

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      Retail Space with Drive-Thru

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      Retail Space on South Main

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    FAQs

    What type of property is this?
    Shopping center - Retail and office suites available in Morton, Illinois.
    Where is this shopping center located?
    The property is located at 1909-2141 S Main St Morton IL USA Morton, IL.
    What are key features of this property?
    This property features: High visibility and great accessibility directly off Interstate 155.; Strong traffic counts due to location.; Variety of suite sizes available, ranging from 923‑20,323 SF.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Saben Emery
    Real Estate License ID: TX
    Learn More
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    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.

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    1909-2141 S Main St, Morton, IL, USA, Morton, IL 61550
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