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423 Liberty Street

Morris, IL 60450
  • $950,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 12104305
UPDATED: 25 min ago
$950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1870
County:
Area:

School Ratings & Info

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.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-16T22:59:39.073 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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423 Liberty Street Morris, IL 60450

  • Price: $950,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 25 min ago
  • MLS #: 12104305
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1870
Built
Neighborhood:
Grundy
County:
Grundy
Area:
Grundy
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.
Exterior Features

Frontage Type City StreetAlley Access

Interior Features

Cooling Central Air Heat Ventilation Forced Air Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 13600 Current Use Commercial Electric Circuit Breakers Fire Protection Alarm MonitoredFire Extinguisher/sSprinklers-WetCarbon Monoxide Detector(s) Leasable Area 13600 Location CornerTIF ZoneIn City LimitsHigh Traffic Area Mls Actual Status Active Net Operating Income 0 Number Of Tenants 2 Property Offered For Sale or Rent Property Sub Type Restaurant Rental Price 10 Tax Annual Amount 7108.32 Tax Year 2023 Tenant Pays Sewer Township Morris Type Retail/Stores Zoning RTAIL

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of RE/MAX Top Properties: 815-942-1133.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-16T22:59:39.073 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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