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513/517 Michael Drive #513, Morris, IL 60450
$289,500
513/517 Michael Drive #513, Morris, IL 60450View this property at 513/517 Michael Drive #513, Morris, IL 60450
513/517 Michael Drive #513MorrisIL60450
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Property Description
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!
Full Property Details
Full Property Details for 513-517 Michael Dr #513
General
- Price: $289,500
- Taxes: $4,187 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11875775
- Updated: 4/25/2024
- Added to Site: 243 day(s) ago
Interior
- Flooring: Carpet, Tile, Varies
Additional Information
- Security/Safety: Other, Carbon Monoxide Detector(s)
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Morris
- County: Grundy
- Township: Saratoga
- Driving 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.
- Location Details: Far West, Central Business District, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Hot Water
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Municipal Water
Structural Information
- Construction: Brick, Block
- Exterior Const.: Vinyl Siding, Brick
- Roof: Composition
- Sub-Flooring: Carpet, Tile, Varies
- Stories/Levels: 2
- Square Feet: 2,080
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 1966
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 5,478
- Lot Dimensions: 84 x 66
- Zoning: COMMR
Financial Considerations
- Lease Price: $14
- Insurance Fee: $1,800
- Security Deposit: Other, Carbon Monoxide Detector(s)
- Assessment Year: 1966
- Tax Amount: $4,187.52
- Tax Year: 2022
- Pays Electric: 1200
Disclosures and Reports
- Property ID: 233377010
Listed by Century 21 Coleman-Hornsby
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Schools
Schools serving 513-517 Michael Dr #513
School Districts:Morris Community High School District 101, Saratoga Community Consolidated School District 60c
Rating | Name | Grades | Distance |
---|---|---|---|
4040 N Division St, Morris, IL 60450 | PK-8 | 2 mi | |
1000 Union St, Morris, IL 60450 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 513-517 Michael Dr #513
Date
Details
Price
Change
Source
3/08/2024
Price Reduced
$289,500
-8.07%
MLS
11/01/2023
Price Reduced
$314,900
-4.29%
MLS
9/01/2023
Listed
$329,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 513-517 Michael Dr #513
513/517 Michael Drive #513, Morris, IL 60450 (MLS# 11875775) is a Commercial property. 513/517 Michael Drive #513 is currently listed for $289,500 and was received on September 01, 2023. Want to learn more about 513/517 Michael Drive #513? Do you have questions about finding other Commercial real estate for sale in Morris? You can browse all Morris real estate or contact a Coldwell Banker agent to request more information.