649 W Lincolnway, Morrison, IL 61270
For Sale
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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
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
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.