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    Morris, IL
    Medical Premises

    Morris, IL Medical Office Space for Sale

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    Minooka, IL Mazon, IL Diamond, IL Coal City, IL Seneca, IL Wilmington, IL Marseilles, IL Braidwood, IL
    Versatile Building on Large Lot
    Updated: Oct 22, 2024
    Versatile Building on Large Lot

    1561 N Division Street, Morris, IL 60450

    $550,000
    2,484 sqft 8.34 AC lot
    Large 8.43‑acre lot with adjacent vacant land included.
    Versatile 4,600 sq. ft. building with 2,300 sq. ft. on the main level and a 2,300 sq. ft. basement.
    Ten exam rooms, including eight with plumbing, three bathrooms, reception area, and two private offices.
    Full basement that was once finished and could be restored.
    Ample parking and excellent visibility.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1561 N Division Street, Morris, IL 60450

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    • Est. Cap Rate

      6.2%
      Above avg (5.9%)

    • Est. NOI

      $34K
      Annual

    • Price @ 7% Cap

      $489K
      Suggested

    • Last Sold

      Feb 2021
      $340K
    View Property Analytics
    Former Medical Office Building
    Updated: Oct 22, 2024
    Former Medical Office Building

    1561 N Division Street, Morris, IL 60450

    $550,000
    4,600 sqft 8.34 AC lot
    Large 8.43‑acre lot with adjacent vacant land included.
    Versatile 4,600 sq. ft. building (2,300 sq. ft. main level and 2,300 sq. ft. basement).
    Features 10 exam rooms (8 with plumbing), 3 bathrooms, reception area, and 2 private offices.
    Full basement that can be restored for additional usable space.
    Ample parking and excellent visibility for businesses.
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Morris, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Move-In Ready Office Building
    Move-In Ready Office Building

    2435 Glenwood Ave, Joliet, IL 60435

    $1,250,000
    10,311 sqft

    Freestanding, recently renovated office building with finished lower level and on-site parking near a medical center.

    View details
    Single-Story Bank or Office Building
    Single-Story Bank or Office Building

    272 Caterpillar Drive, Joliet, IL 60436

    $800,000
    3,000 sqft 1.83 AC lot

    Single-story 3,000 SF bank/professional building on a 1.83-acre parcel with 200 linear feet of frontage and ample parking.

    View details
    All-Brick Medical Office Building
    All-Brick Medical Office Building

    103 S John Street, Dwight, IL 60420

    $139,000
    0.50 AC lot

    Versatile all-brick office with multiple rooms, a waiting area, and an unfinished, plumbed basement for added flexibility.

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    All-Brick Office Building
    All-Brick Office Building

    100 West South Street, Dwight, IL 60420

    Contact for pricing

    All-brick office building offers multiple office areas, conference rooms, and two restrooms with a kitchen area.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Lot on Eola Road
    Commercial Lot on Eola Road

    2234 S Eola Road, Aurora, IL 60503

    $475,000
    1.06 AC lot

    Commercial lot with frontage on Eola Road in Aurora, IL.

    View details
    Mokena Commercial Land Opportunity
    Mokena Commercial Land Opportunity

    Lot 16 191st Street, Mokena, IL 60448

    $1,275,000
    8.57 AC lot

    Prime commercial land available in Mokena's 'Great Corridor'.

    View details
    Westmont Commercial Land For Sale
    Westmont Commercial Land For Sale

    3920 N CASS Avenue, Westmont, IL 60559

    $399,500
    0.17 AC lot

    Vacant lot suitable for commercial or residential development.

    View details
    Crestwood Commercial Lot on Cicero
    Crestwood Commercial Lot on Cicero

    14101 South Cicero Avenue, Crestwood, IL 60418

    $749,900
    1.00 AC lot

    Prime commercial lot in Crestwood business district with high exposure.

    View details

    Off-Market Properties in Morris, IL

    Consider similar Off-Market properties in Morris, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1600 Us-6
    Medical Office Space

    1600 Us-6, Morris, IL 60450

    Value Estimation by Request
    19,000 sqft 3.00 AC lot
    View details

    Morris, IL Medical Office Space Market Trends and Statistics

    Explore 3 medical office space for sale in Morris, IL on our real estate platform. These investment opportunities span a total of 7,084 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for medical spaces in Morris, IL average $550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 5
    Office buildings 4
    Medical Office Space 2

    Demographics Overview

    Population 21K
    Population Growth (5Y) +2.2%
    Median Household Income $81,716
    College Educated 33.9%

    High-Yield Neighborhoods for Investment

    Identify Morris submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60450 $550K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grundy County

    New Delisted

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