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1561 N Division St 4,600 SF Vacant Office Building Morris, IL 60450 $836,156 CAD ($181.77 CAD/SF)
INVESTMENT HIGHLIGHTS
- Heavy Traffic Count
- Main Business District
- Large Lot with access to Rt. 47
EXECUTIVE SUMMARY
This versatile 50' x 50' 4,600 sq. ft. building, 2,300 sq. ft. main level and 2,300 sq. ft. basement, formerly a medical office, sits on a generous 8.43-acre lot with adjacent vacant land included in the sale. Inside, you'll find 10 exam rooms-8 already outfitted with plumbing-3 bathrooms, a spacious reception area, and 2 private offices. The property also boasts a full basement that was once finished and could easily be restored, offering even more usable space. With ample parking and excellent visibility, this property is ideal for businesses seeking prime exposure. Sold "as-is," this is a fantastic opportunity for investors or expanding businesses.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$17,011
|
$3.70
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,011
|
$3.70
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $17,011 |
| Annual Per SF | $3.70 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,011 |
| Annual Per SF | $3.70 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,600 SF
Building Class
C
Year Built
1983
Price
$836,156 CAD
Price Per SF
$181.77 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,600 SF
Building FAR
0.01
Lot Size
8.43 AC
Zoning
B-3 Commercial - Commercial District
Parking
23 Spaces (5 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Morris Hospital
- Public Administration
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Morris Hospital | Public Administration | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 02-34-351-014 | Total Assessment | $232,285 CAD |
| Land Assessment | $56,247 CAD | Annual Taxes | $17,011 CAD ($3.70 CAD/SF) |
| Improvements Assessment | $176,038 CAD | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
02-34-351-014
Land Assessment
$56,247 CAD
Improvements Assessment
$176,038 CAD
Total Assessment
$232,285 CAD
Annual Taxes
$17,011 CAD ($3.70 CAD/SF)
Tax Year
2024 Payable 2025
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1561 N Division St
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