Property profile

332 Detroit Ave Morton, IL 61550

OFF-MARKET
Warehouses
Property ID
US28-5788233
14,979 SF 1.03 ac lot Built 1978
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 21,540-square-foot, Class B property at 332 Detroit Ave, Morton, IL, is a turnkey event and entertainment complex offering diverse revenue streams. The single-unit building sits on a 1.03-acre lot and is zoned B3. Features include a full-size gymnasium with 28.5-foot ceilings and reinforced structure, complete with a climbing wall and obstacle course. A large, full-service bar, restaurant, and catering facility boasts a fully equipped commercial kitchen, dance floor, ample walk-in coolers, and all furniture, fixtures, and equipment (FF&E). The property also includes state-of-the-art virtual golf simulator rooms rentable by the hour and a full-service barber shop. Parking accommodates approximately 40 vehicles, with additional parking available nearby. The asking price is $1,399,000 ($64.95/sq ft). This centrally located Morton property presents a unique investment opportunity.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1978
Total area 14,979 SF
Lot 1.03 ac (44,867 SF)
APN 06-06-20-100-010
UPID US28-5788233

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

332 Detroit Ave Morton, IL 61550-1879
Morton metro Census 21604 PEORIA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2012
5 recorded transactions
2019
Price N/A
2016
Price N/A
2012
$690,000
2008
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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