1810 S Main St Morton, IL 61550
For Sale
1 / 3
This exceptional net-leased investment opportunity presents a 13,200 square foot free-standing medical office building located at 1810 S Main St, Morton, IL 61550, in Tazewell County. The property enjoys a prime location near Peoria, Illinois. For the past 45 years, this building has served as a forensic laboratory for the Illinois State Police Department, demonstrating a long-standing and stable tenancy. The building has recently undergone significant improvements, including a complete overhaul of the HVAC system, a refreshed parking lot, and extensive interior office renovations. These upgrades ensure the property remains in excellent condition and caters to the needs of its established tenant. Further enhancing its investment appeal, the lease has been recently renewed for a substantial 10-year term, incorporating built-in rent escalations that provide predictable income growth. This presents a rare opportunity to acquire a stable, net-leased property with a long-term, creditworthy tenant and a proven track record of success. The property's location, recent renovations, and long-term lease make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The building is classified as a medical office and is situated at latitude 40.591576 and longitude -89.4735203.
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.