310/312 Liberty Street Morris, IL $ 799,000
310/312 Liberty Street
$ 799,000
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310/312 Liberty Street

Morris, IL, 60450
$ 799,000
Baths0.0 Sq 8,700

Monthly Estimate*

$ 5,310

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Studio

Commercial Property for sale in Morris, IL

for $799,000. This 8,700 square foot building was built in 1915 on a lot size of 0.082645.

Very well maintained and total recent rehab of these two centrally located downtown Morris buildings on Liberty Street. Presently one PIN but could be separated after purchase. Currently used for food and beverage operation. Business is not included. There are kitchens in the back of both buildings and all equipment remains. 310 building has large main floor dining/gathering space and a kitchen. The second floor has two additional dining/party rooms. One with main floor exterior access. 312 building features a bar and dining area on both floors, his & her bathrooms on both floors and an additional party room on the second floor. First floor features full kitchen. Second floor also has exterior access. Finishing this building is a completely finished basement featuring walk-in coolers, freezers and dry storage. Additional kitchen prep space also. Different design elements throughout the building, such as stone fireplace, brick walls extensive use of corrugated steel and chain link fencing for a unique design feature. One of the only downtown buildings which features elevator access between floors. Current tenant would like to remain if possible.

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Commercial Active

Price

$ 799,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,099

Style

Commercial

Lot Size

0.082645

Year Built

1915

Town/City

Morris

County/Region

Grundy

MLS | Web ID

11940000

Features
General
Cooling Central Air Zoned Ceiling Fan(s)
Possession Closing
Roof Composition Membrane
Zoning COMMR
Year Built 1915
Electric Circuit Breakers Separate Meters Service - 101 to 200 Amps Service - 201 to 600 Amps
Tenant Pays Air Conditioning Electricity Heat Janitorial Service Sewer
Stories 2
Township Morris
Property SubType Neighborhood Storefront
Tax Year 2022
Current Use Commercial
Gross Income 52000
County Grundy
Net Operating Income 39080
Insurance Expense 2821
Property Type Commercial Sale Retail/Stores
Status Active
Directions Rt. 47 to Jefferson Street West to Liberty Street South on Liberty to property on right.
City Morris
NumberOfUnitsTotal 1
MLS Area Morris
Lot Size Square Feet 3600
Street Name Liberty
Tax Annual Amount 10099
Additional Parcels Y/N N
Leasable Area 0
Days on Market 99
Standard Status Active
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Interior
Flooring Concrete Tile Wood
Street Suffix Street
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Exterior
Building Area Total 8700
Lot Dimensions 40 X 90
Frontage Type City Street
Exterior Brick Cedar
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* Excluded Features
List By
Advantage Realty, Inc.

Broker

stevebarr@advantagerealty.com

Email

Affordability Calculator

$6,152
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,310
Monthly Property Taxes
$842
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2023$799,000 Listed Price

Map


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310/312 Liberty Street, Morris, IL, 60450 is a Commercial Property for sale at $799,000 with 8,700 sqft and a lot size of 0.082645. 310/312 Liberty Street is a studio with 0.0 baths and was built in 1915. The property's zip code is 60450 which is in Morris, IL