Property summary
This exceptional mixed-use property, located at 126 E Lincolnway Road in Morrison, Illinois, presents a unique investment opportunity. Boasting 3,278 square feet across two stories, this vacant building sits on a 7,500 square foot lot and offers six parking spaces. Previously utilized as a church and exercise center, its adaptable layout and ample space make it perfect for a variety of commercial ventures. The property benefits from high visibility at the northwest corner of US Route 30 and Illinois Route 78, ensuring excellent exposure. While the roof requires replacement, the asking price of $99,900 reflects this need. Recent updates include new windows, and all levels, including a walk-out basement, are usable. The property is zoned C1-Commercial, providing flexibility for various business types. This is a chance to acquire a substantial building with significant potential in a desirable location. The property's history as a church and fitness center suggests a wide range of possible uses, from event spaces to retail or office spaces. The large lot size and ample parking further enhance its appeal. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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