1810 Main St Morton, IL 61550
- Life science properties
- 13,200 SF
- 1.58 lot acres
Current Use by Public Records
- Life science properties
Property Details for 1810 Main St
- Year built
- 1979
- Lot size
- 1.58 lot acres
- Property size
- 13,200 SF
- Property type
- Life science properties
- APN
- 06-06-29-115-037
- APU
- 60629115037
Description
This exceptional net-leased investment opportunity presents a 13,200 square foot free-standing medical office building located at 1810 S Main St, Morton, IL 61550, in Tazewell County. The property enjoys a prime location near Peoria, Illinois. For the past 45 years, this building has served as a forensic laboratory for the Illinois State Police Department, demonstrating a long-standing and stable tenancy. The building has recently undergone significant improvements, including a complete overhaul of the HVAC system, a refreshed parking lot, and extensive interior office renovations. These upgrades ensure the property remains in excellent condition and caters to the needs of its established tenant. Further enhancing its investment appeal, the lease has been recently renewed for a substantial 10-year term, incorporating built-in rent escalations that provide predictable income growth. This presents a rare opportunity to acquire a stable, net-leased property with a long-term, creditworthy tenant and a proven track record of success. The property's location, recent renovations, and long-term lease make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The building is classified as a medical office and is situated at latitude 40.591576 and longitude -89.4735203.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morton
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.4737
- Latitude
- 40.5915
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
