1561 N Division St, Morris, IL 60450
For Sale
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This exceptional commercial property, located at 1561 N Division Street in Morris, Illinois, presents a unique investment opportunity. The substantial 4,600 square foot building sits on a generous 8.34-acre lot, including adjacent vacant land, providing ample space for expansion or future development. Previously used as a medical office, the building features ten exam rooms, eight of which are plumbed and ready for immediate use. Three bathrooms, a large reception area, and two private offices provide a functional and well-organized layout. A full basement, previously finished, offers significant potential for additional usable space, subject to any necessary renovations. The property benefits from excellent visibility and ample parking, ensuring convenient access for clients and employees. The sale includes the building and land "as is," presenting a compelling opportunity for investors or businesses seeking a prominent location with significant expansion potential in a thriving community. The property's size and versatile layout make it suitable for a wide range of commercial uses. The 2,484 square feet of main floor space, combined with the basement, offers a significant amount of usable area. The inclusion of the adjacent vacant land adds to the property's overall value and potential for future development.
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Ultimate Rides Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.