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    Property profile & analytics
    FOR SALE
    Commercial real estate

    649 W Lincolnway, Morrison, IL 61270

    2.83 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-3077960
    Property summary
    AI-generated overview

    This exceptional industrial property in Morrison, Illinois, presents a compelling investment opportunity. The complex comprises two buildings totaling 15,640 square feet on a one-acre lot, zoned for commercial use. The main building, offering 8,640 square feet, features a heated 80' x 100' shop area with a drive-through lane, perfect for distribution or manufacturing needs. This building also includes office space, a parts room, two 14' x 18' doors, three 14' x 12' doors, updated LED lighting, recently insulated and redone walls, and a three-phase transformer. Restrooms include one full bath (shower functionality not guaranteed) and one half bath. A security camera system is included in the sale. A second, 54' x 140' x 16' tall building with three sides provides ample storage, ideal for semi-trucks, RVs, or other large equipment. Recent improvements include a new screwless roof, 64 new purlins, and 9.5" of insulation. The property benefits from city water and sewer and enjoys high visibility with an 8,500 daily traffic count (per IDOT). Located within the Whiteside Carroll Enterprise Zone (WCEZ), this property offers significant tax advantages. The asking price of $800,000 ($51/sq ft) includes the main building and the 54' x 140' storage building. The parcel will be split before closing

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 2.83 ac (123,188 SF)
    APN 813226009
    UPID US28-3077960
    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
    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
    Kens Place LLC · 2 yrs held
    Kens Place LLC
    since 2023
    3 recorded transactions
    2023
    2022
    2021
    $315,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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