For Sale
$1,500,000

1302 Spruce St Morris, IL 60450

Three-unit building, 15,000 sq ft, lease opportunity.

Overview

Added:
Feb 3
Days on market:
78
This exceptional investment opportunity presents a three-unit industrial condo building situated on a generous 2.41-acre lot at 1302 Spruce Street in Morris, Illinois. Constructed in 2008, the building boasts a robust steel frame construction, ensuring durability and longevity. The property offers a substantial 15,000 square feet of space, ideally suited for a variety of industrial uses. The building's electrical infrastructure is robust, featuring an 800-amp, three-phase electrical service, capable of handling significant power demands. Furthermore, the building includes four 12-foot overhead doors, facilitating easy loading and unloading of goods and equipment. Currently, one of the three units is available for lease, presenting an immediate income stream for the new owner. This presents a unique opportunity to acquire a well-maintained, strategically located industrial property with significant potential for both immediate rental income and future appreciation. The property's size, modern construction, and ample power supply make it an attractive prospect for a wide range of industrial businesses. The 2.41-acre lot provides ample space for expansion or outdoor storage. This is a turnkey investment ready for immediate occupancy and income generation. Don't miss this chance to own a piece of Morris's thriving industrial sector.

Property Details for 1302 Spruce St

Property type
Apartment buildings
Square Feet
15,000 SF
Year Built
2008
Lot Size (sq. ft)
104,980 SF

Location Insight

City
Morris
County
Grundy
State
Illinois
Latitude
41.36819
Longitude
-88.41398

FAQs

What type of property is this?
Apartment building - Three-unit building, 15,000 sq ft, lease opportunity.
Where is the apartment building located?
The property is located at 1302 Spruce St Morris, IL.
What is the asking price?
The asking price for this property is $1,500,000.
How can I contact the broker?
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1302 Spruce St
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