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    Property profile & analytics

    316 Liberty St, Unit 318 Morris, IL 60450-2140

    • Office Properties & Spaces
    • 6,304 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 28, 2025
    $985,000
    Location Intelligence
    Property ID
    US28-2366083
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lush Med Spa / Medical Spa
    • 5th Cuzin Communications / Cell Phone Store
    • Tori Elizabeth + Company / Photographer
    • BodyWorks of Morris / Massage Therapist
    • Gebhard Building / Corporate Office

    Property Details for 316 Liberty St

    Year built
    1885
    Lot size
    0.15 lot acres
    Property size
    6,304 SF
    Property type
    Office Properties & Spaces
    APN
    05-04-485-007
    APU
    504485007

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morris
    County
    Grundy
    State
    Illinois
    Longitude
    -88.4242
    Latitude
    41.3588
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,785
    $42,039
    $108,538
    $150,577
    -
    $126,117
    $325,614
    $451,731

    Comparable in this City

    • Value Estimation by Request
      2,213 SF

      1367 Division St

      OFFICE (GENERAL) • 2,213 SF
      1367 Division St, Morris, IL 60450-1431
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      $385,000
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      118 Jackson St

      OFFICE (GENERAL) • 3,420 SF
      118 Jackson St, Morris, IL 60450-1891
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    • Value Estimation
      $285,000
      1,406 SF

      110 Jackson St

      OFFICE (GENERAL) • 1,406 SF
      110 Jackson St, Morris, IL 60450-1802
      View Details
    • Value Estimation
      $225,000
      2,178 SF

      114 Wn St

      OFFICE (GENERAL) • 2,178 SF
      114 Wn St, Morris, IL 60450-1833
      View Details
    • Value Estimation by Request
      19,000 SF

      1600 Us-6

      Medical offices • 19,000 SF
      1600 Us-6, Morris, IL 60450
      View Details
    • Value Estimation
      $380,000
      1,171 SF

      Jefferson St

      OFFICE (GENERAL) • 1,171 SF
      Jefferson St, Morris, IL 60450
      View Details

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    Morris, IL 60450-2140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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