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1815 Morrissey Dr 59,460 SF 66% Leased Industrial Building Bloomington, IL 61701 $2,556,000 ($42.99/SF) 6.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Close Interstate Access
- Centrally located between three major cities, Chicago, St. Louis and Indianapolis
EXECUTIVE SUMMARY
Versatile 59,460 square foot warehouse investment opportunity for sale in a prime Central Illinois location. Positioned on a 9.1-acre lot with excellent accessibility, this warehouse facility presents a rare opportunity for investors or potential owner-occupiers. Conveniently located near Route 150 and just minutes from major interstate access. The property is approximately 9 miles from the Rivian Automotive Plant. The building is currently leased to multiple tenants with varied lease terms, offering immediate income and flexibility for future occupancy or redevelopment. Ideal for logistics, manufacturing, distribution, or expansion of your operations, this property combines size, access, and adaptability. There are 5 drive-in bays and 4 dock doors. The property is fully sprinklered. The expansive lot provides abundant parking, generous outdoor storage capacity, and excellent potential for future expansion. Whether you’re seeking a reliable investment asset with existing cash flow or a strategic location for your growing business, this industrial facility offers a wealth of possibilities in a high-demand area.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,556,000 | Lot Size | 7.24 AC |
| Price Per SF | $42.99 | Rentable Building Area | 59,460 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6.77% | Year Built | 1964 |
| Property Type | Industrial | No. Dock-High Doors/Loading | 4 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 5 |
| Building Class | B | ||
| Zoning | M-1 | ||
| Price | $2,556,000 |
| Price Per SF | $42.99 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.77% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 7.24 AC |
| Rentable Building Area | 59,460 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | M-1 |
1 1
PROPERTY TAXES
| Parcel Number | 21-15-251-013 | Improvements Assessment | $508,610 |
| Land Assessment | $165,125 | Total Assessment | $673,735 |
PROPERTY TAXES
Parcel Number
21-15-251-013
Land Assessment
$165,125
Improvements Assessment
$508,610
Total Assessment
$673,735
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1815 Morrissey Dr
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