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Browse More Listings in Office For Sale, Morris, IL or Illinois

Office Property For Sale

Franklin Gallery Building

519 Franklin St., Morris, IL 60450

Price:
$659,000
Building Size:
16,600 SF
Price/SF:
$39.70
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
6.78%
Occupancy:
73%
Tenancy:
Multiple
Find Out More...

Last Verified 11/14/2009 Listing ID 16302561

Description

Rare opportunity to purchase a newly renovated office building in downtown Morris with Rt. 47 frontage. Majority of the units are leased out. 16,600 total square feet with 9,885 net leasable area. Well built building that was previously used as a school. Call for additional details.

The Franklin Gallery Building is located on the SW corner of Rt. 47 & North St. with frontage along Franklin St. Near downtown Morris but with Rt. 47 frontage!

Financial Summary

Actual
Net Operating Income
$44,680.20

Map of 519 Franklin St., Morris, IL 60450 (Grundy County)

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Presented by

Marquette Properties, Inc.

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Contact Listing Broker

Peter Fleming (815) 941-0207

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Created 7/1/2009

Additional Information for 519 Franklin Street, Morris, IL 60450

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - Franklin Gallery Building

519 Franklin St., Morris, IL, 60450