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25512506
25512525

222 W Main St, Morrison, IL 61270

AC
475.197738
Kophamer & Blean Realty
Listed by Kophamer & Blean Realty
$240,000
307 days on market
Updated 33 days ago

222 W Main St, Morrison, IL

Details
APN 0918258002
Property Type Mixed Use
Sub Type Gym, Office Space (+1)
Square Footage 7,793
Net Rentable (SqFt) 7,793
Units 2
Cap Rate 12.00%
NOI $28,006
Price per SqFt $30
Buildings 1
Stories 1
Lot Size (SqFt) 9,625
Zoning C1

Mixed Use | 12.00% CAP | 7,793 SqFt

Marketing description

Prime Commercial Property with Dual Rental Units on Main Street located in a high-visibility area right next to the post office, this well-positioned commercial building offers two separate rental units and excellent foot and drive-by traffic. This 7668 sq ft building with a ramp provides easy access for all visitors. Unit 1 features a 1,584 sq ft business suite, currently leased. Unit 2 is a spacious approx 6,084 sq ft area, currently outfitted as a fitness gym, offering versatile potential for a variety of business uses. Two half bathrooms, located off the shared main hallway, are accessible to both units. A solid investment opportunity in a central location! New steel roof replacement (early 2026) is reflected in the asking price.

Investment highlights

  • 7668 Rentable Sq ft

  • Unit 1 - 1,584 Sq Ft - Currently Leased

  • Unit 2 - 6,084 Sq Ft - Currently Leased

  • Tenants pay all utilities

  • Handicap Accessable

  • Highly visible area off of IL Route 30 and Main St.

Listing Contacts

AC
475.197738
Kophamer & Blean Realty
Listed by Kophamer & Blean Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$28,006.00
$2,333.83/mo

Valuation Metrics

0
DSCR
11.67%
Cap Rate
11.67%
ROI

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