513/517 Michael Dr., Morris, IL 60450
sale
$314,900
|
Commercial-Other
Listed By CENTURY 21 Coleman-Hornsby
This brick and vinyl commercial building is highly visible from a signaled intersection on busy west Rt.6 in Morris. This property has been owned by the seller for 31 years. It is fully depreciated so it is time for the next investor to add it to their portfolio. This attractive building has two commercial units on the first floor leased by a beauty salon and a construction company. The entire second floor is a two bedroom apartment, in very good condition, with a deck that overlooks green space. The appliances in the apartment are included in the sale. The parking lot is striped for 8 spaces. This building has been well maintained and features newer vinyl windows, a high efficiency boiler that is 6 years old, a water heater installed March 2023, and many other recent improvements. Apartment tenant and beauty shop tenant have leases in place. This is your chance to own a three unit income producing property in a great location in Morris!
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Property Features
- Age: Over 50 Years Old
- Appliances: Dishwasher
- Appliances: Dryer
- Appliances: Microwave
- Appliances: Range / Oven
- Appliances: Refrigerator
- Appliances: Washer
- Area Amenities: Area Tennis
- Area Amenities: Aquatic Activities
- Area Amenities: Boating
- Area Amenities: Golf
- Area Amenities: Biking
- Area Amenities: Area Fishing
- Area Amenities: Area Horse Riding/Stables
- Area Amenities: Area Hunting
- Area Amenities: Area Snowmobiling
- Area Amenities: Jogging / Biking Path
- Area Description: Suburban
- Available Floors: 2
- Average Floor Size: 1040
- Basement: Slab Foundation
- Bath Features: Tub and Shower
- Building Area: 2080.00 SF
- Cooling: Wall Unit A/C
- Cooling: Window A/C
- Cross Docks: N
- Exterior: Storm door
- Exterior: Double Pane / Storm Windows
- Exterior Description: Brick
- Exterior Description: Vinyl Siding
- Exterior Living Space: Deck
- Flooring: Wall to Wall Carpet
- Flooring: Ceramic
- Flooring: Laminate
- For Auction: N
- Full Bathrooms: 1
- Fully Leased Income: 30000.00
- General: Ceiling Fan(s)
- General: Smoke Detector
- Gross Income: 30000.00
- Half Bathrooms: 2
- Heating - Fuel Type: Gas
- Heating Type: Hydro
- Heating Type: Baseboard
- Kitchen Features: Eat-in Kitchen
- Level Number: 2
- Location Name: Main Business Corridor
- Lot Description: Level
- Lot Size Desc: Under 1/2 Acre
- Lot Size In Text: 5478 Sq. Ft.
- MLSID: 11875775
- Max Contiguous Space: 1040
- Min Divisible Area: 490
- Parking Places: 8
- Price Upon Request: N
- Property Use: Rental or Investment
- Road Type: City / Town Street
- Roof: Asphalt Shingle Roof
- Sewer: City
- Style: Other Style
- Sublease: N
- Tax Year: 2022
- Taxes: $4187.52
- Total Units: 3
- Water: City Water
- Year Built: 1966
- Zoning: B-3 Business
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