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    2000 Ashley Rd Morris, IL 60450

    Sponsored
    For Sale
    $9,526,679

    127,345 SF Warehouse, M-2 Zoning

    Property size:
    127,345 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 2000 Ashley Rd, Morris, IL 60450, presents a significant investment opportunity. The single-story, 127,345-square-foot building, constructed in 1998, sits on a 5.76-acre lot within the M-2 Manufacturing District. The property boasts nine loading docks and nine dock-high doors, ensuring efficient material handling. Ceiling heights range from 18 to 19 feet, providing ample vertical space for various industrial uses. The building's zoning permits manufacturing, distribution, and warehouse operations. Its strategic location offers easy access to major transportation routes, including Interstate 80 and the CenterPoint Intermodal Center, just 10 miles away. This owner-user investment opportunity is further enhanced by the possibility of acquiring an additional six acres of land, expanding the property's potential. The property is ideally suited for businesses seeking a large, well-equipped industrial space with excellent transportation links and expansion potential. This is a rare opportunity to acquire a substantial industrial asset in a prime location. The property features a single building with a permitted MF zoning classification.

    Property Features for 2000 Ashley Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    127,345 SF
    Lot Size
    261,360 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1

    HighLights

    • 127,345 SF industrial building on 5.76 acres, expandable by 6 additional acres.
    • Located at 2000 Ashley Rd, Morris, IL 60450, in the M‑2 Manufacturing District.
    • Features nine loading docks/nine dock‑high doors and 18‑19' ceiling heights.
    • Zoned for manufacturing, distribution, and warehousing; 10 miles from CenterPoint Intermodal Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thornton Industries Inc Business Related

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Clothing Store Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Morris
    County
    Grundy
    State
    Illinois
    Longitude
    -88.404832
    Latitude
    41.382847

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    FAQs

    What type of property is this?
    Distribution property - 127,345 SF Warehouse, M-2 Zoning
    Where is this distribution property located?
    The property is located at 2000 Ashley Rd Morris, IL.
    What is the asking price?
    The asking price for this property is $9,526,679.
    What are key features of this property?
    This property features: 127,345 SF industrial building on 5.76 acres, expandable by 6 additional acres.; Located at 2000 Ashley Rd, Morris, IL 60450, in the M-2 Manufacturing District.; Features nine loading docks/nine dock-high doors and 18-19' ceiling heights.
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    2000 Ashley Rd Morris, IL 60450
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    Morris, IL 60450
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    Realmo Value Estimation

    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.

    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.

    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
    2000 Ashley Rd Morris, IL 60450
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