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1561 N Division St 4,600 SF Vacant Office Building Morris, IL 60450 $599,000 ($130.22/SF)

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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 ANNUAL PER SF
Taxes $12,186 $2.65
Operating Expenses - -
Total Expenses $12,186 $2.65

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $12,186
Annual Per SF $2.65
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $12,186
Annual Per SF $2.65

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,600 SF
Building Class
C
Year Built
1983
Price
$599,000
Price Per SF
$130.22
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 - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-34-351-014
Land Assessment
$40,052
Improvements Assessment
$125,352
Total Assessment
$165,404
Annual Taxes
$12,186 ($2.65/SF)
Tax Year
2024 Payable 2025
  • Listing ID: 37930942

  • Date on Market: 10/3/2025

  • Last Updated:

  • Address: 1561 N Division St, Morris, IL 60450

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