1824 N Division St

1824 N Division St , Morris, Illinois, 60450 | 2,200 sq.f | $ 550,000

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About This Restaurant

Investment Highlights

Heavy Day Time Traffic

Executive Summary

For Sale: Prime Commercial Property in A+ Location, Morris, IllinoisWe are pleased to offer a prime commercial property for sale in the highly desirable area of Morris, Illinois. This property features two well-maintained storefronts currently occupied by excellent tenants:Fast Food Restaurant: A popular local eatery with a strong customer base.Safety Equipment Store: A reputable business providing essential safety equipment to the community.Property Highlights:Location: A+ location in Morris, Illinois, ensuring high visibility and foot traffic.Tenants: Both tenants are reliable and responsible, taking excellent care of their respective spaces. They handle all expenses and consistently pay rent ahead of time.Management: This is a hassle-free investment, as the tenants do not require landlord involvement for property issues.This is a rare opportunity to acquire a commercial property with stable, long-term tenants in an excellent location. Whether you're looking to expand your investment portfolio or secure a lucrative income-generating asset, this property is a perfect choice.For more information or to schedule a viewing, please contact [Volkan Sav]

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding Fast Food
  • Building Size    2,200
  • Building Class    C
  • Year Built    1995
  • Price    550,000
  • Price Per SF    250
  • Cap Rate    4.60
  • NOI    25,300
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.14
  • Land Acres    0.36 AC

Nearby Amenities & Transportation

Retail Starbucks
Retail Jewel-Osco
Retail Panda Express
Retail Buffalo Wild Wings
Retail ALDI
Retail Chase Bank
Retail Noodles & Company
Retail Rent-A-Center
Retail Chili's
Retail IHOP

Property Taxes

Parcel Number 02-33-426-010 Improvements Assessment $30,557
Land Assessment $32,835 Total Assessment $63,392
Date Created: 2024-07-16 04:13:40 Last Updated: 2024-07-16 04:13:40
Address: 1824 N Division St , Morris, Illinois, 60450