513/517 Michael Drive # 513 Morris, IL $ 279,500
513/517 Michael Drive # 513
$ 279,500
Share Save

513/517 Michael Drive # 513

Morris, IL, 60450
$ 279,500
Baths0.0 Sq 2,080

Monthly Estimate*

$ 1,858

513/517 Michael Drive # 513, Morris, IL 60450 - Image 1
513/517 Michael Drive # 513, Morris, IL 60450 - Image 2
513/517 Michael Drive # 513, Morris, IL 60450 - Image 3
513/517 Michael Drive # 513, Morris, IL 60450 - Image 4
513/517 Michael Drive # 513, Morris, IL 60450 - Image 5
513/517 Michael Drive # 513, Morris, IL 60450 - Image 6
513/517 Michael Drive # 513, Morris, IL 60450 - Image 7
513/517 Michael Drive # 513, Morris, IL 60450 - Image 8
513/517 Michael Drive # 513, Morris, IL 60450 - Image 9
513/517 Michael Drive # 513, Morris, IL 60450 - Image 10
513/517 Michael Drive # 513, Morris, IL 60450 - Image 11
513/517 Michael Drive # 513, Morris, IL 60450 - Image 12
513/517 Michael Drive # 513, Morris, IL 60450 - Image 13
513/517 Michael Drive # 513, Morris, IL 60450 - Image 14
513/517 Michael Drive # 513, Morris, IL 60450 - Image 15
513/517 Michael Drive # 513, Morris, IL 60450 - Image 16
513/517 Michael Drive # 513, Morris, IL 60450 - Image 17
513/517 Michael Drive # 513, Morris, IL 60450 - Image 18
513/517 Michael Drive # 513, Morris, IL 60450 - Image 19
513/517 Michael Drive # 513, Morris, IL 60450 - Image 20
513/517 Michael Drive # 513, Morris, IL 60450 - Image 21
513/517 Michael Drive # 513, Morris, IL 60450 - Image 22
513/517 Michael Drive # 513, Morris, IL 60450 - Image 23
513/517 Michael Drive # 513, Morris, IL 60450 - Image 24
513/517 Michael Drive # 513, Morris, IL 60450 - Image 25
513/517 Michael Drive # 513, Morris, IL 60450 - Image 26
513/517 Michael Drive # 513, Morris, IL 60450 - Image 27
513/517 Michael Drive # 513, Morris, IL 60450 - Image 28
513/517 Michael Drive # 513, Morris, IL 60450 - Image 29
Studio

Commercial Property for sale in Morris, IL

for $279,500. This 2,080 square foot building was built in 1966 on a lot size of 0.125758.

This brick and vinyl commercial building is highly visible from a signaled intersection on busy west Rt.6 in Morris. This property has been owned by the seller for 31 years. It is fully depreciated so it is time for the next investor to add it to their portfolio. This attractive building has two commercial units on the first floor leased by a beauty salon and a construction company. The entire second floor is a two bedroom apartment, in very good condition, with a deck that overlooks green space. The appliances in the apartment are included in the sale. The parking lot is striped for 8 spaces. This building has been well maintained and features newer vinyl windows, a high efficiency boiler that is 6 years old, a water heater installed March 2023, and many other recent improvements. Apartment tenant and beauty shop tenant have leases in place. This is your chance to own a three unit income producing property in a great location in Morris! Seller financing available.

See more

Commercial Active

Price

$ 279,500

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,187

Style

Commercial

Lot Size

0.125758

Year Built

1966

Town/City

Morris

County/Region

Grundy

MLS | Web ID

11875775

Features
General
Cooling Window Unit(s)
Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal
Possession Tenant's Rights
Roof Composition
Zoning COMMR
Construction Materials Brick Block
Year Built 1966
Electric Service - 101 to 200 Amps
Stories 2
Township Saratoga
Unit Number 513
Property SubType Mixed Use
Tax Year 2022
Current Use Commercial
Gross Income 30000
County Grundy
Insurance Expense 1800
Property Type Commercial Sale Mixed Use
Status Price Change
Directions I-80 to RT.47 south to Rt.6 west to Michael Dr. north to property on left. Can easily be seen from the intersection of Rt.6 and Michael Drive.
City Morris
NumberOfUnitsTotal 3
MLS Area Morris
Lot Size Square Feet 5478
Street Name Michael
Tax Annual Amount 4187.52
Electric Expense 1200
Fuel Expense 1200
Trash Expense 0
Water Sewer Expense 1620
Additional Parcels Y/N N
Days on Market 277
Standard Status Active
Total Actual Rent 2500
See more
Interior
Flooring Carpet Tile Varies
Street Suffix Drive
See more
Exterior
Building Area Total 2080
Lot Dimensions 84X66
Exterior Vinyl Siding Brick
See more
* Excluded Features
List By
Century 21 Coleman-Hornsby

Broker

shawn.hornsby@century21.com

Email

Affordability Calculator

$2,207
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,858
Monthly Property Taxes
$349
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2024$279,500 -3.45% Price Down
3/8/2024$289,500 -8.07% Price Down
11/1/2023$314,900 -4.29% Price Down
9/2/2023$329,000 Listed Price

Map


See all

513/517 Michael Drive # 513, Morris, IL, 60450 is a Commercial Property for sale at $279,500 with 2,080 sqft and a lot size of 0.125758. 513/517 Michael Drive # 513 is a studio with 0.0 baths and was built in 1966. The property's zip code is 60450 which is in Morris, IL