513/517 Michael Dr.

513/517 Michael Dr., Morris, IL

$289,500

Price

2,080 sqft

Building Size

5,478 sqft

Lot Area

Gallery
Street
Map
Overview
Building Size
2,080 sqft
Lot Area
5,478 sqft
Units
3
Year Built
1966
Zoning
B-3 Business
MlsNumber
11875775
Floors
2
Parking Spots
8
Baths
3
Description

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!

Highlights
  • Lot Dimension: 84x66
  • Annual Tax: $ 4187.52
  • Available Floors: 2
  • Average Floor Size: 1040.0
  • Average Occupancy Rate: 100.0
  • Fully Leased Income: $ 30000.0
  • Gross Income: $ 30000.0
  • Max Contiguous Area: 1040.0
  • Min Divisible Area: 490.0
  • Exterior: Storm door
  • Appliances: Washer
  • Bath Features: Tub and Shower
  • Heating Type: Hydro
  • Lot Description: Level
  • Basement: Slab Foundation
  • Flooring: Wall to Wall Carpet
  • General: Smoke Detector
  • Age: Over 50 Years Old
  • Heating Fuel Type: Gas
  • Area Amenities: Area Tennis
  • Exterior Description: Vinyl Siding
  • Road Type: City / Town Street
  • Roof: Asphalt Shingle Roof
  • Kitchen Features: Eat-in Kitchen
  • Lot Size: Under 1/2 Acre
  • Cooling: Wall Unit A/C
  • Exterior Living Space: Deck
  • Sewer: City
  • Area Description: Suburban
  • Water: City Water
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Listing ID: a25490e6-b632-4a9f-83b0-7fb700eede67
Location
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