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23752818
23752834

1815 Morrissey Drive, Bloomington, IL 61704

JS
IL 471.022624
SVN Core 3
Listed by SVN Core 3
$2,556,000
372 days on market
Updated 1 day ago

Industrial Warehouse - 1815 Morrissey Drive

Details
APN 21-15-251-013
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 59,460
Cap Rate 6.77%
NOI $172,968
Occupancy 63%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 10.37%
Pro-Forma NOI $265,119
Year Built 1964
Buildings 1
Stories 1
Acreage 9.100
Zoning M-1
Dock High Doors 4

Investment/Owner Operator Opportunity

Marketing description

Versatile 59,460 square foot warehouse investment opportunity for sale in a prime Central Illinois location. Positioned on a 9.1-acre lot with excellent accessibility, this warehouse facility presents a rare opportunity for investors or potential owner-occupiers. Conveniently located near Route 150 and just minutes from major interstate access. The property is approximately 9 miles from the Rivian Automotive Plant. The building is currently leased to multiple tenants with varied lease terms, offering immediate income and flexibility for future occupancy or redevelopment. Ideal for logistics, manufacturing, distribution, or expansion of your operations, this property combines size, access, and adaptability. There are 5 drive-in bays and 4 dock doors. The property is fully sprinklered. The expansive lot provides abundant parking, generous outdoor storage capacity, and excellent potential for future expansion. Whether you’re seeking a reliable investment asset with existing cash flow or a strategic location for your growing business, this industrial facility offers a wealth of possibilities in a high-demand area.

Investment highlights

-Close Interstate Access

-Centrally located between three major cities, Chicago, St. Louis and Indianapolis

Listing Contacts

JS
IL 471.022624
SVN Core 3
Listed by SVN Core 3

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,968.00
$14,414.00/mo

Valuation Metrics

0
DSCR
6.77%
Cap Rate
6.77%
ROI

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Additional Information

Name
Jill Spratt
License
471.022624
Brokerage
SVN Core 3
Brokerage Phone
309-590-7900
Brokerage Address
1707 East Hamilton Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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