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    Property profile & analytics

    Morris, IL 60450

    • Industrial land
    • 13.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-3506673
    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

    • Industrial land

    Property Details

    Lot size
    13.00 lot acres
    Property type
    Industrial land
    APN
    06-05-400-007
    APU
    605400007

    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
    -88.3275
    Latitude
    41.3666
    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
    2023
    $1,461
    $19,994
    $0.00
    $19,994
    -
    $59,982
    $0.00
    $59,982

    Comparable in this City

    • Value Estimation by Request
      145.16 Acres

      4120 Southmor Rd

      INDUSTRIAL - VACANT LAND • 145.16 Acres
      4120 Southmor Rd, Morris, IL 60450-8122
      View Details
    • Value Estimation by Request
      3.66 Acres

      8805 Tabler Rd

      INDUSTRIAL - VACANT LAND • 3.66 Acres
      8805 Tabler Rd, Morris, IL 60450-9153
      View Details
    • Value Estimation by Request
      13.20 Acres

      3800 Division St

      INDUSTRIAL - VACANT LAND • 13.20 Acres
      3800 Division St, Morris, IL 60450-9475
      View Details
    • Value Estimation by Request
      6.21 Acres

      Dresden Rd

      INDUSTRIAL - VACANT LAND • 6.21 Acres
      Dresden Rd, Morris, IL 60450
      View Details
    • Value Estimation by Request
      4.12 Acres

      Morris, IL 60450

      INDUSTRIAL - VACANT LAND • 4.12 Acres
      Morris, IL 60450
      View Details
    • Value Estimation by Request
      8.15 Acres

      Morris, IL 60450

      INDUSTRIAL - VACANT LAND • 8.15 Acres
      Morris, IL 60450
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,900,000 SF

      Industrial Land Near I-80 Interchange

      145 acres of divisible industrial land with utilities on site.
      8815 N Rt. Illinois 47, Morris, IL 60450
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    • $868,000
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      Waterfront Land on Lincoln Lake

      Exceptional waterfront parcel for building a dream home.
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      21.50 Acres

      Prime Industrial Land Near I-80

      21.5 Acres, Channahon, IL - Ideal for Distribution
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      Goose Lake Township Land Parcel

      5+ acre parcel in Goose Lake Township, Morris, IL.
      0001 N Dresden Rd, Morris, IL 60450
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    • $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
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    • $798,000
      12.47 Acres

      Parklake Village Residential Land

      Three prime residential lots in Morris, IL.
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    Similar Nearby for Lease

    • $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
    • Contact for pricing
      97,139 SF

      Professional Space with Route 47 Visibility

      Professional office space for lease with utilities included and ample parking.
      1715 Division St, Morris, IL 60450
      View Details
    • Contact for pricing

      Commercial Unit in Morris, IL

      2,000 sq ft unit available for immediate move-in.
      425 Us Rt 6, 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

      Heated Warehouse with Loading Dock

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