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Financial
Distress signals
Property profile

1561 N Division St Morris, IL 60450

FOR SALE
Commercial land
Property ID
US28-0735430
6.74 ac lot
Last sale Mar 2012 · $340,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a versatile building containing 4,600 square feet of interior space, including 2,300 square feet on the main level and 2,300 square feet in a full basement. It was formerly configured as a medical office and includes 10 exam rooms, 8 of which have plumbing, along with three bathrooms, a reception area, and two private offices. The building sits on an 8.43-acre lot that includes adjacent vacant land. The basement was previously finished and could be restored to create additional…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$984
Tax billed · 2023
Assessed value$14k
Assessed land$14k
Effective rate7.26%

Value estimate

· Oct 2026
$355k
$320k – $391k
AI approach$380k
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$15k
Operating expenses−$11k
NOI · 6.23% cap applied$34k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$173/SF
ZIP average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$77 – $278

Cap rate analysis

How does the asset earn?
6.23%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRUNDY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm21.1
Realty agency15.3
Spa & Massage14.1

Location

1561 N Division St Morris, IL 60450
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Morris, IL 60450 $95,500 Dec 2024 No data
3385 Il Rt 47, Morris, IL 60450-7206 $225,000 Jul 2024 No data
Morris, IL 60450 $65,000 Jul 2024 No data
Morris, IL 60450 $950,500 Jun 2024 No data
Morris, IL 60450 $500,000 May 2024 No data
Division, Morris, IL 60450 $650,000 Apr 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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