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$825,000
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Property Description
This large, corner two-story commercial property in downtown Morris seamlessly blends historical charm with modern updates. Recently rehabbed with the highest quality materials, the building features new waterline and plumbing, new sewer line, upgraded electrical service, and an advanced HVAC system. Safety is a top priority with a whole-building sprinkler system and state-of-the-art security. Inside, the sandblasted exposed brick maintains a nostalgic look while adding a modern feel. Currently home to an interior design shop and insurance agency, the first floor can easily be converted into one large space, ideally suited for a restaurant, with a grease trap already in place and ready for hoods, equipment, and walk-in coolers/freezers. The versatile second floor, presently used for showroom storage, offers numerous possibilities, such as apartments or an event center, with restored hardwood floors and a bathroom already installed. An existing elevator shaft simplifies potential conversions. Once a bustling roller skating rink, this property retains its historical allure while accommodating modern business needs. Located in a TIF district, it may also qualify for city grants and low-interest loans, enhancing its appeal. This beautifully restored building presents a unique opportunity for entrepreneurs to establish a business in the heart of downtown Morris.
Full Property Details
Full Property Details for 423 Liberty St
General
- Sold For: $825,000
- Taxes: $7,108 (2023)
- Status: Closed
- Type: Commercial Service
- Source: MRED
- MLS ID: 12104305
- Added to Site: 598 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored, Fire Extinguisher(s), Sprinklers (Wet), Carbon Monoxide Detector(s)
Location
- Area: Morris
- County: Grundy
- Driving Directions: Rt. 47 to Rt. 6 West to Liberty South to property
- Location Details: Corner, TIF Zone, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 2
- Square Feet: 13,600
- Current Bldg. Use: Commercial
- Year Built: 1870
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 7,200
- Lot Dimensions: 61 x 120
- Frontage: City Street, Alley Access
- Zoning: RTAIL
Financial Considerations
- Lease Price: $10
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Alarm Monitored, Fire Extinguisher/s, Sprinklers-Wet, Carbon Monoxide Detector(s)
- Assessment Year: 1870
- Tax Amount: $7,108.32
- Tax Year: 2023
- Tenant Pays: Sewer
Disclosures and Reports
- Property ID: 504482001
Listed by RE/MAX Top Properties
Sold by eXp Realty, LLC
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Schools
Schools serving 423 Liberty St
School Districts:Morris Community High School District 101, Morris School District 54
| Name | Grades | Distance |
|---|---|---|
White Oak Elementary School 2001 Dupont Avenue, Morris, IL 60450 | PK-5 | 1.6 mi |
Shabbona Middle School 725 School Street, Morris, IL 60450 | 6-8 | 0.9 mi |
Morris Community High School 1000 Union Street, Morris, IL 60450 | 9-12 | 0.7 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 423 Liberty St
Date
Details
Price
Change
Source
11/22/2024
Sold
$825,000
-13.16%
MLS
7/11/2024
Listed
$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.
423 Liberty Street, Morris, IL 60450 (MLS# 12104305) is a Commercial Service property that was sold at $825,000 on November 22, 2024. Want to learn more about 423 Liberty Street? Do you have questions about finding other Commercial Service real estate for sale in Morris? You can browse all Morris real estate or contact a Coldwell Banker agent to request more information.

