Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    310/312 Liberty St, Morris, IL 60450

    8,700 SF Built 1915
    Property ID
    Property summary
    AI-generated overview

    This exceptional property at 310/312 Liberty Street in Morris, IL, offers a unique investment opportunity. Comprising two interconnected buildings totaling 8,700 square feet, this centrally located downtown property is currently configured for food and beverage operations, though the business itself is not included in the sale. Both buildings boast recently completed renovations, showcasing a blend of modern and historic design elements. The 310 Liberty Street building features a spacious main floor dining area, a fully equipped kitchen, and two additional dining/party rooms on the second floor, one with exterior access. The 312 Liberty Street building offers a similar layout, with bar and dining areas on both floors, his and her bathrooms on each level, and an additional second-floor party room with exterior access. A significant advantage is the fully finished basement in 312 Liberty Street, complete with walk-in coolers, freezers, dry storage, and additional kitchen prep space. Architectural details include a stone fireplace, exposed brick walls, and the creative use of corrugated steel and chain link fencing, creating a distinctive aesthetic. The property also benefits from elevator access between floors – a rare feature in downtown Morris. The current tenant expresses interest in remaining, presenting a potential for continued income generation. The property is currently under one PIN but could be easily separated after purchase. This is a remarkable opportunity to acquire a well-maintained, fully equipped, and uniquely designed commercial property in a thriving downtown location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1915
    Total area 8,700 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 310/312 Liberty St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message