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$1,750,000

  • Sold
  • Closed
  • Retail
  • 11,771 Sq. Ft.
See This Home
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This excellent property boasts a fantastic retail strip center, featuring 11,772 square feet of premium retail space, with four units. With an impressive annual gross income of $180,810, investors can expect significant returns from the property's excellent cap rate of 8.6%. Conveniently located on N Division St, the property enjoys high-visibility and is surrounded by a wide range of commercial and residential properties, making it a top choice for retailers and investors alike. This property presents a fantastic opportunity for investors seeking reliable income streams and profitable investment returns. The superb location, impressive income, and exceptional cap rate of 8.04% are just some of the features that make this Morris-based retail strip center an outstanding investment option.

Full Property Details for 1222 N Division St

General

  • Sold For: $1,750,000
  • Taxes: $31,330 (2021)
  • Status: Closed
  • Type: Retail
  • Source: MRED
  • MLS ID: 11751741
  • Added to Site: 1, 053 day(s) ago

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: Morris
  • County: Grundy
  • Driving Directions: I-80 to Rte 47(Division St) South to Property

Heating & Cooling

  • Cooling Type: Central Individual
  • Heating Type: Gas

Structural Information

  • Stories/Levels: 1
  • Square Feet: 11,771
  • Current Bldg. Use: Commercial, Office
  • Year Built: 2002

Unit Information

  • # Tenants: 4

Lot Features

  • Lot Size (Sq. Ft.): 56,192
  • Lot Dimensions: 220 x 260
  • Frontage: City Street, Public Road, State Road

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Operating Expenses: $24,000
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 2002
  • Tax Amount: $31,330
  • Tax Year: 2021
  • Tenant Pays: Varies by Tenant

Disclosures and Reports

  • Property ID: 504278057

Listed by Coldwell Banker Commercial Real Estate Group
Sold by Advantage Realty, Inc

Listing agents

— 1222 N Division St —

  • Coldwell Banker Commercial Real Estate Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1222 N Division St

School Districts:Morris Community High School District 101, Morris School District 54
NameGradesDistance
White Oak Elementary School
2001 Dupont Avenue, Morris, IL 60450
PK-51.6 mi
Shabbona Middle School
725 School Street, Morris, IL 60450
6-80.6 mi
Morris Community High School
1000 Union Street, Morris, IL 60450
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1222 N Division St

Date
Details
Price
Change
Source
8/31/2023
Sold
$1,750,000
-2.51%
MLS
6/05/2023
Price Reduced
$1,795,000
-7.95%
MLS
4/04/2023
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Coldwell Banker Commercial Real Estate Group
Sold by Advantage Realty, Inc

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1222 N Division Street, Morris, IL 60450 (MLS# 11751741) is a Retail property that was sold at $1,750,000 on August 31, 2023. Want to learn more about 1222 N Division Street? Do you have questions about finding other Retail real estate for sale in Morris? You can browse all Morris real estate or contact a Coldwell Banker agent to request more information.