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124 W Illinois Avenue Morris, IL 60450 • Commercial - Retail • Active

  • 124 W Illinois Avenue, Morris, IL 60450 Main Photo

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Description

Positioned prominently in Morris' Downtown Business District near the Grundy County Courthouse and surrounded by beautifully preserved historic buildings, this impressive all-brick multi-use commercial property, characterized by soaring arched windows, offers approximately 17,112 square feet of above-grade floor area plus a dry basement. Excellent condition, versatile floor plans, established tenants, and a prime downtown location make this a unique opportunity for an investor, owner-user, or business seeking a prominent commercial presence. The property currently accommodates Sublime Wear USA, National Disability Experts Law Firm, and Chicago Title, demonstrating the building's ability to serve a wide variety of professional, retail, office, and service-oriented businesses. A concrete parking lot provides seven on-site parking spaces, with two municipal parking lots directly across the street providing an additional 43 parking spaces for employees, customers, and clients. An outdoor patio area provides an attractive space for several tables and creates additional possibilities for tenant use or customer enjoyment. The 124 E. Illinois Ave. Sublime Wear USA space offers an impressive open commercial space featuring a soaring ceiling in the front portion of the building. The space includes a convenient lunchroom, second-floor office area overlooking the open floor area, and a private second-floor office highlighted by a wall of windows overlooking the front portion of the space. The font portion of the space has glass overhead doors that let in plenty of natural light and can be opened to allow the space to transition to the patio area. Men's and women's restrooms are included, along with an overhead delivery door providing convenient access to the alley behind the building. The 110 W. Illinois Ave. Chicago Title space is thoughtfully designed for professional office use, featuring a welcoming front office adjoining a customer waiting room, a large private conference room, three private offices, and an open area ideal for cubicles or additional workstations. Men's and women's restrooms are conveniently located adjacent to this space. The 128 & 130 W. Illinois Ave. National Disability Experts space consists of two separate suites connected by a common vestibule. Each two-story suite offers its own restroom and flexible space suitable for private offices, work areas, or a variety of professional uses. The building has been exceptionally well maintained through the years and offers the character and presence of an established downtown commercial property while providing the functionality today's businesses require. Its prominent location near the courthouse, municipal parking, historic downtown buildings, and other established businesses provides excellent visibility and convenient accessibility. A rare opportunity to acquire a substantial, versatile commercial building in the heart of Downtown Morris-with established tenants, multiple suites, parking, outdoor patio space, and the flexibility to accommodate a wide range of businesses. Recent upgrades include a new roof in 2021 and four new rooftop HVAC units in 2022.

Property Highlights

Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1950

General Information

County: Grundy
Listed By:
Century 21 Coleman-Hornsby 815-942-9190
MRED MLS
$1,600,000
Est. $11,535/mo
Active
SQUARE FEET17,112 MLS#12710687
STATUSActive PROPERTY TYPECommercial - Retail

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124 W Illinois Avenue, Morris, IL 60450.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,600,000$1,600,000$1,600,000
Down Payment $56,000$0$320,000
Monthly Mortgage Amount $10,452$11,011$8,841
Taxes $2227$2227$2227
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $961$0$0
Monthly Estimated Total $14,107$13,705$11,535

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