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    Property profile & analytics
    FOR SALE
    Commercial land

    1561 N Division St, Morris, IL 60450

    6.74 ac lot
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-0735430
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 6.74 ac (293,594 SF)
    APN 02-34-351-009
    UPID US28-0735430
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ultimate Rides Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Eugene R Funk · 5 yrs held
    Eugene R Funk
    since 2021
    Last sale
    $340,000
    7 recorded transactions
    2021
    2020
    2012
    $340,000
    2011
    1998
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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