Morris, IL
Commercial Real Estate Market Trends & Data

$185 Avg asking sale price
$3,638 Avg asking lease rate
150,774 SF Avg unit lease size
121,954 SF Avg building size for sale

Morris's Demographic Profile

Morris has 8,538 households and a median income of $79,159, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 20,983
# Households 8,538
Median age 42
Median household income $79,159
Avg household size 2.0
Renter-occupied housing units 2,848
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Morris, IL

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Morris $169 31,052 SF
Coal City $142 7,381 SF
Channahon $840 2,641 SF
Diamond $142 7,381 SF
Newark $200 10,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Yorkville $221 13,568 SF 7.10%
Dwight $77 16,160 SF 11.74%

Commercial Properties For Sale in Morris

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

20 Hampton St

Morris, IL 60450

  • 8,552 SF Retail Building
  • $2,500,000
For Sale

4095 Sand Ridge - Industrial Land

Morris, IL 60450

  • 1,600 SF Industrial Building
  • $479,000
For Sale

1.88 Acres Industrial Route 6 Morris

Morris, IL 60450

  • 1.88 AC Lot
  • 1 Industrial Lot
  • $235,000
For Sale

Lisbon

Morris, IL 60450

  • 7.04 AC Lot
  • 1 Commercial Lot
  • $190,000
For Sale

1561 N Division St

Morris, IL 60450

  • 4,600 SF Office Building
  • $550,000
For Sale

PJPRE 154 Route 47 Grundy County, IL

Morris, IL 60450

  • 154 AC Lot
  • 1 Industrial Lot
  • $7,238,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Morris pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Morris $185 121,954 SF
Coal City $114 4,816 SF
Seneca $44 78,337 SF
Mazon $41 6,168 SF
Channahon $580 5,563 SF

Regional Demographic Comparison

This comparison places Morris alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Morris or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Morris 20,983 8,538 42 $79,159 2 2,848 1%
Coal City 5,963 2,381 40 $71,925 3 663 2%
Seneca 2,285 838 39 $96,648 3 167 -1%
Channahon 14,512 4,945 40 $105,245 3 507 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Morris, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Morris

View All Commercial Real Estate For Sale in Morris
Is Morris a good market for a first-time commercial real estate investor?

Morris offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Morris?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Morris. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Morris?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Morris. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Morris compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Morris. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Morris acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Morris, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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