Property profile

2480 State Rte 47 Morris, IL 60450

OFF-MARKET
Commercial real estate
Property ID
US28-2536896
7,000 SF 5.61 ac lot Built 1989
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1989
Total area 7,000 SF
Lot 5.61 ac (244,372 SF)
APN 05-22-300-012
UPID US28-2536896

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2480 State Rte 47 Morris, IL 60450
Morris metro Census 500 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2024
Last sale
$365,000
4 recorded transactions
2024
Price N/A
2017
$365,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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