Flex Space with Multiple Shop
New
For Sale
$795,000
526 Bedford Rd, Morris, IL 60450
M-1-zoned property combines shop, garage, and office areas with vehicle access from overhead doors.
Property Size6,570 SF
Lot Size0.59 Acres
Price / SF$121
Days on Market4
Property Features for 526 Bedford Rd
General Information
Standard status
Active
Size
6,570 SF
Lot size
0.59 Acres
Zoning
M-1
Site & Location
Traffic Count
13,700 vehicles/day
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Span
Yes
Drive-In Doors
8
Taxes and HOA fees
Annual Taxes
$7,287
Amenities
paint booth
storage room
upper-level storage area
bathroom
floor drains
overhead doors
clear-span design
high ceilings
front counter
customer waiting area
private office
storage closet
Building Details
Buildings
1
Building Size
6,570 SF
Construction
steel frame
Listing Agency:
Century 21 Coleman-Hornsby
(815) 942-9190
Listed By:
Shawn Hornsby · License #471015656
(815) 474-6670
Source:
Exprealty
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 2:44AM
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.
The 6,570-square-foot flex building at 526 Bedford Rd in Morris has a steel structure with a brick front. Its 4,200-square-foot main shop has a clear-span layout, two 12-foot overhead doors, a paint booth, storage, and a bathroom. A separate 1,170-square-foot shop area includes three overhead doors and floor drains; the rear garage adds three more doors. Office space includes an open work area, customer counter and waiting area, private office, bathroom, and storage closet. Parking occupies nearly 0.4 acres, with concrete and asphalt at the front and gravel at the rear. The property is zoned M-1 Manufacturing.
The site fronts US Route 6 (Bedford Road) in Morris. IDOT average daily traffic counts are approximately 13,700 vehicles. A proposed Route 6 project calls for widening the road to four lanes with a center turn lane in front of the property; project plans indicate the widening would not reduce the property’s size.
The site fronts US Route 6 (Bedford Road) in Morris. IDOT average daily traffic counts are approximately 13,700 vehicles. A proposed Route 6 project calls for widening the road to four lanes with a center turn lane in front of the property; project plans indicate the widening would not reduce the property’s size.
Key Highlights
- 6,570‑square‑foot steel building with brick front
- 4,200‑square‑foot main shop with clear‑span design, paint booth, and two 12' overhead doors
- Separate 1,170‑square‑foot shop has three overhead doors and floor drains
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,182
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,640
$1.4M
Cap Rate 7%
$988,314
$988.3K
Cap Rate 9%
$768,689
$768.7K
Market Conditions
NOI Build-Up for 6,570 SF
Gross rent
$118.3K $18.00/SF
− Vacancy
−$11.8K −$1.80/SF
EGI
$106.4K $16.20/SF
− OpEx
−$37.3K −$5.67/SF
NOI
$69.2K $10.53/SF
Area
Grundy County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,640
Cap Rate 7%
$988,314
Cap Rate 9%
$768,689
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,193 @ 7.0% cap · market cap 11.47%
Second Best
Flex RnD
$988.3K
$864.8K – $1.15M
NOI $69,182 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$2.27M
$1.98M – $2.65M
NOI $158,782 @ 7.0% cap · market cap 19.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Drive-in doors
13,700 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - M-1-zoned property combines shop, garage, and office areas with vehicle access from overhead doors.
Where is this flex space located?
The property is located at 526 Bedford Rd Morris, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 6,570‑square‑foot steel building with brick front; 4,200‑square‑foot main shop with clear‑span design, paint booth, and two 12' overhead doors; Separate 1,170‑square‑foot shop has three overhead doors and floor drains
