Property profile

600 Main St Morton, IL 61550

OFF-MARKET
Commercial land
Property ID
US28-2655169
0.38 ac lot
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Morton, IL retail property at 600 S. Main St. offers a versatile 2,960 square foot space within a larger 10,480 square foot building. Ideal for a restaurant or retail business, this space boasts an open layout, allowing for flexible design and efficient use of space. High ceilings and modern amenities create an inviting atmosphere for customers. The property features ample parking, ensuring convenient access for both tenants and their patrons. Its strategic location in Morton's thriving commercial district provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence. The 1.81-acre lot offers additional potential for expansion or outdoor seating. The building is well-maintained and presents a significant opportunity for a business looking to establish or expand its operations in a high-traffic area. The available space is part of a multi-tenant building, offering a collaborative environment. This property combines prime location, ample parking, and a flexible layout to create an exceptional opportunity for a discerning business.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.38 ac (16,553 SF)
APN 06-06-20-403-009
UPID US28-2655169

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Discount Store

Location

600 Main St Morton, IL 61550-2414
Morton metro Census 21605 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2012
4 recorded transactions
2012
Price N/A
2007
Price N/A
2006
$180,000
1997
$125,000

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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