555 Michael Drive, Morris, IL

$495,000

Previous Next

About 555 Michael Drive

Investment Opportunity - Fully Leased Commercial Warehouse in Morris! Investors, take note of this exceptional income-producing property in Morris. This 5,250 sq. ft. warehouse building is currently occupied by a successful CrossFit facility and is fully leased, offering immediate rental income. The building features excellent functionality with (3) 12' x 12' overhead doors and (2) 16' x 14' overhead doors, all equipped with automatic openers. North Unit:** Approximately 23' x 50' with a 12' x 17' mezzanine. **Interior Unit:** Approximately 59' x 50' featuring a mezzanine along the rear wall a half bath, and water heater. **South Unit:** Approximately 23' x 50' with no mezzanine. Each "unit" includes a separate steel service entrance door, providing convenient tenant access. Located with access from Michael Drive behind We Care, this versatile warehouse property offers a strong investment opportunity in a desirable Morris location. Fully rented and generating income-ideal for investors seeking a turnkey commercial asset or 1031 exchange opportunity. Tenant pays Real Property Taxes, Repairs & Maintenance, Water/Sewer, All Utilities, Exterior Maintenance & Trash Collection. Seller pays insurance. Also two small detached storage units that are on month to month lease basis included in the income details provided. PLEASE ABSOLUTELY DO NOT APPROACH THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT. AND PLEASE DO NOT APPROACH THE EXISTING TENANTS.

Features of 555 Michael Drive

MLS® # 12654773
Price $495,000
Bathrooms 0.00
Year Built 2001
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 555 Michael Drive
Area Morris
City Morris
County Grundy
State IL
Zip Code 60450

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Exterior

Exterior Steel Siding
Foundation Concrete Perimeter

Additional Information

Days on Market 7
Zoning WRHSE
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAdvantage Realty, Inc.

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?