310/312 Liberty St, Morris, IL 60450
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.