Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Heritage Dr Morris, IL 60450

    • Commercial land
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 14, 2022
    $1,700,000
    Location Intelligence
    Property ID
    US28-4293168
    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

    • Commercial land

    Property Details for Heritage Dr

    Lot size
    0.77 lot acres
    Property type
    Commercial land
    APN
    05-05-201-018
    APU
    505201018

    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
    -88.4498
    Latitude
    41.3702
    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
    2022
    $846
    $10,136
    $0.00
    $10,136
    -
    $30,408
    $0.00
    $30,408

    Comparable in this City

    • Value Estimation by Request
      53.00 Acres

      1338 Clay St

      VACANT COMMERCIAL LAND • 53.00 Acres
      1338 Clay St, Morris, IL 60450-1303
      View Details
    • Value Estimation by Request
      0.09 Acres

      1221 Edgewater Dr

      VACANT COMMERCIAL LAND • 0.09 Acres
      1221 Edgewater Dr, Morris, IL 60450-2508
      View Details
    • Value Estimation by Request
      0.51 Acres

      Grant St

      VACANT COMMERCIAL LAND • 0.51 Acres
      Grant St, Morris, IL 60450
      View Details
    • Value Estimation by Request
      0.06 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.06 Acres
      Main St, Morris, IL 60450
      View Details
    • Value Estimation by Request
      1.06 Acres

      Morris, IL 60450

      VACANT COMMERCIAL LAND • 1.06 Acres
      Morris, IL 60450
      View Details
    • Value Estimation by Request
      0.48 Acres

      Morris, IL 60450

      VACANT COMMERCIAL LAND • 0.48 Acres
      Morris, IL 60450
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60 SF

      Pad Ready Commercial Site

      Commercial land for sale with off-site detention.
      Morris, IL 60450
      View Details
    • $170,000
      0.32 Acres

      Commercial Land on High-Traffic Route

      0.32-acre property with potential on high-traffic Route 6.
      523 Bedford Rd, Morris, IL 60450
      View Details
    • $649,900
      9.32 Acres

      Commercial Land with Highway Visibility

      Commercial land with high visibility and many potential uses.
      Gore Rd, Morris, IL 60450
      View Details
    • $599,000
      8.34 Acres

      Versatile Building on Large Lot

      Former medical office on 8.43 acres with ample parking.
      1561 N Division St, Morris, IL 60450
      View Details
    • Contact for pricing
      289.44 Acres

      Channahon Industrial Land Opportunity

      Prime I-80 Logistics Land, 289 Acres
      0 Tabler Rd, Morris, IL 60450
      View Details
    • $175,000

      Wooded Land in Quiet Cul-de-Sac

      Three-acre wooded land parcel in Morris, Illinois.
      4250 Bargo Ln, Morris, IL 60450
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,700 SF

      Restaurant Space Near I-80

      5,700 SF restaurant space with redevelopment opportunity near I-80.
      2685 Sycamore Dr, Morris, IL 60450
      View Details
    • Contact for pricing

      Heated Warehouse with Loading Dock

      25,000 sq ft heated warehouse with inside loading dock.
      922 Armstrong St, Morris, IL 60450
      View Details
    • Contact for pricing

      Retail Space in Morris, IL

      Retail space with open floor plan and ample parking.
      1459 Division St, Morris, IL 60450
      View Details
    • Contact for pricing

      Versatile Industrial and Flex Space

      Industrial condos in Morris, IL, with modern amenities and flexibility.
      1299 Leah Rd, Morris, IL 60450
      View Details
    • $32 SF/Yr
      19,000 SF

      Class A Medical Office in Morris, IL

      Modern Medical Office Space Available
      1600 Us-6, Morris, IL 60450
      View Details
    • $2,499,000
      35,072 SF

      Versatile Showroom and Warehouse Space

      Showroom, shop, and warehouse with development potential in Morris, IL.
      879 Bedford Rd, Morris, IL 60450
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Heritage Dr
    Morris, IL 60450
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.