80 Ashland Ct Morton, IL 61550-1452

This exceptional 20,256 square foot warehouse facility in Morton, Illinois, presents a compelling investment opportunity. Located at 80 Ashland Ct, 61550, this multi-tenant property boasts 150 units and sits on a 2.05-acre lot. Currently operating at 100% occupancy, generating a strong net operating income (NOI) of $101,660 and a 7.70% cap rate, this asset offers significant potential for future growth. The asking price is $1,320,000, translating to $65.17 per square foot. Built in 1998, the property has undergone recent renovations, enhancing its appeal and functionality. Key features include paved drive aisles, gated access with a keypad entry system for enhanced security, and roofs that were completely replaced in 2017, ensuring long-term structural integrity. Further upside potential exists through rental increases and tenant insurance revenue. This well-maintained, high-performing warehouse is ideally situated in Tazewell County, offering easy access to major transportation routes and a strong local market. The property's strong occupancy and proven income stream make it an attractive investment for both seasoned and emerging investors seeking a stable and appreciating asset in the Illinois industrial market.