SQUARE FEET5,250
MLS#12654773
STATUSNew
PROPERTY TYPECommercial - Business
Property Description
Investment Opportunity - Fully Leased Commercial Warehouse in Morris! Investors, take note of this exceptional income-producing property in Morris. This 5,250 sq. ft. warehouse building is currently occupied by a successful CrossFit facility and is fully leased, offering immediate rental income. The building features excellent functionality with (3) 12' x 12' overhead doors and (2) 16' x 14' overhead doors, all equipped with automatic openers. North Unit:** Approximately 23' x 50' with a 12' x 17' mezzanine. **Interior Unit:** Approximately 59' x 50' featuring a mezzanine along the rear wall a half bath, and water heater. **South Unit:** Approximately 23' x 50' with no mezzanine. Each unit includes a separate steel service entrance door, providing convenient tenant access. Located with access from Michael Drive behind We Care, this versatile warehouse property offers a strong investment opportunity in a desirable Morris location. Fully rented and generating income-ideal for investors seeking a turnkey commercial asset or 1031 exchange opportunity. Tenant pays Real Property Taxes, Repairs & Maintenance, Water/Sewer, All Utilities, Exterior Maintenance & Trash Collection. Seller pays insurance. Also two small detached storage units that are on month to month lease basis included in the income details provided. PLEASE ABSOLUTELY DO NOT APPROACH THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT. AND PLEASE DO NOT APPROACH THE EXISTING TENANTS.
Property Features
Property Type: Commercial - Business
Cooling: None
Lot Size: 0.12 Acres
Stories: 1.0
Taxes: $1,525
Year Built: 2001
Feature Descriptions
Electric: Circuit Breakers
Exterior: Steel Siding
Fire Protection: Fire Extinguisher/s
Foundation: Concrete Perimeter
Frontage Type: City Street, Public Road, Signal Intersection
HVAC: Ceiling Units
Lot Dimensions: 50X105
Miscellaneous Indoor: Overhead Door/s, Public Restroom/s
Number of Tenant(s): 1
Parcel#: 0233458003
Parking: 6-12 Spaces
Tenant Pays: Electricity, Heat, Taxes, Repairs, Sewer, All Utilities, Trash Collection
Units: 3
Utilities: Electric to Site, Natural Gas Available, Water Available
Listed By / Shown By
Listed By
Agency Name: Advantage Realty, Inc.
Agency Phone: 815-942-5252
Shown By
Agent Name: Karen Barbagallo
Agent Phone: (815) 988-5577
Agency Title: Gambino Realtors
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555 Michael Drive | MLS# 12654773
This commercial property located at 555 Michael Drive, Morris, IL 60450 is currently listed for sale with an asking price of $495,000. Search Morris real estate on kbarbagallo.gogambino.com today.