117 Main St Morrison, IL 61270

This well-maintained mixed-use building at 117 W Main Street in Morrison, Illinois, presents a compelling investment opportunity. The 1,664 square foot property boasts a profitable blend of commercial and residential space. The ground floor comprises a leased office area, generating consistent rental income until December 31, 2025. This office space features a welcoming waiting area, three individual offices, a half-bath, and convenient storage space. Upstairs, a recently updated one-bedroom, one-bathroom apartment offers additional income potential. Significant renovations were completed between 2015 and 2016, encompassing new windows, doors, drywall, and flooring throughout the apartment. The bathroom received a complete upgrade with a new sink, toilet, and shower surround during this period. Further improvements include updated plumbing and electrical work, a new water heater and furnace installed in 2008, and a roof recoating in 2021. This property's blend of stable commercial lease and updated residential unit makes it an attractive investment with strong potential for long-term returns. The location on West Main Street ensures high visibility and accessibility. This is a turnkey opportunity for an investor seeking a diversified income stream in a desirable location.