$495,000
( $94.29Per Sq Foot )
 $2,657 est/mo Sourced by Back At You

555 Michael Drive,Morris, IL 60450

Morris, IL 60450

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Description

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.

Details

MLS #12654773
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year2001
Days On Site106
Listing Provided ByAdvantage Realty, Inc. | Anitra Brase

Features

SQ Feet5,250
Story(s)1
Units3
ZoningWRHSE

Interior

CoolingNone

Exterior

Foundation DetailsConcrete Perimeter
Construction MaterialsSteel Siding

Utilities

UtilitiesElectric to Site, Natural Gas Available, Water Available
SewerHolding Tank
ElectricCircuit Breakers

Taxes

Tax Year2025
Tax Annual Amount1525.68

Area Information

StateIL
CountyGrundy
CityMorris
Zip Code60450
AreaMorris
Listing VS Median (in 60450)
Price:
$495,000
low | high
Med:
$336,450
82.030303030303% of Average
sqft:
5,250
low | high
Med:
2,091
100% of Average
$ / sqft:
$94
low | high
Med:
$169
29.333130964971% of Average
On site:
106
low | high
Med:
62.5
100% of Average
Sourced by Back At You

Market Activity 60450

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Contact

Learn More About This Property

Kristi Wolfe

Kristi Wolfe

Daniel and Associates Real Estate

475.215799 (847) 767-1023kristiw@daare.com
StateIL
CountyGrundy
CityMorris
Zip Code60450
AreaMorris
Listing VS Median (in 60450)
Price:
$495,000
low | high
Med:
$336,450
82.030303030303% of Average
sqft:
5,250
low | high
Med:
2,091
100% of Average
$ / sqft:
$94
low | high
Med:
$169
29.333130964971% of Average
On site:
106
low | high
Med:
62.5
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 6:58:25 PM PDT