1000 Morton Ave Jacksonville, IL 62650-3152
Property profile & analytics
1000 Morton Ave Jacksonville, IL 62650-3152
- Commercial real estate
- 5,884 SF
- 1.33 lot acres
Property ID
US28-3636997
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Springfield Clinic MOHA Jacksonville / Medical Clinic
- Springfield Clinic Jacksonville - Morton / Medical Clinic
- Billie Buhnerkempe / Physician
- Christopher Sprinkel / Physician
- Springfield Clinic Urgent Care Jacksonville / Medical Clinic
Property Details for 1000 Morton Ave
- Year built
- 2004
- Lot size
- 1.33 lot acres
- Property size
- 5,884 SF
- Property type
- Commercial real estate
- APN
- 09-20-303-005
- APU
- 920303005
Description
This exceptional investment opportunity presents a 7,000-square-foot, single-tenant net lease property occupied by Springfield Clinic. Located at 1000 W Morton Ave, Jacksonville, IL 62650, this property boasts a prime location on a major retail thoroughfare with approximately 19,000 vehicles passing daily. The building, constructed in 2005 and renovated in 2015, sits on a 1.33-acre lot and includes 53 parking spaces. The current lease with Springfield Clinic has 10.9 years remaining, expiring September 30, 2035, and includes built-in rent bumps every five years. The property generates a strong net operating income (NOI) of $91,296, resulting in an attractive 6.50% capitalization rate. Landlord responsibilities are limited to roof and structural repairs, offering a truly passive investment. The property benefits from its location in a regional retail hub, surrounded by national retailers such as Home Depot, Dollar Tree, Walmart, Five Below, and Starbucks. Jacksonville, IL serves as a regional center for retail and services, offering the most comprehensive retail options within a 20-mile radius. The tenant, Springfield Clinic, is a necessity-based business, providing resilience against economic downturns. This property offers a low price point due to its low rent structure, making it an attractive investment with significant long-term potential. The property's excellent visibility and accessibility, with three points of ingress/egress, further enhance its appeal.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Morgan
- State
- Illinois
- Longitude
- -90.2438
- Latitude
- 39.7237
- CBSA code
- 27300
- CBSA name
- JACKSONVILLE, IL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$41,356
$155,220
$278,850
$434,070
-
$465,660
$836,550
$1,302,210
