
Listed by Advantage Realty Inc
$495,000
555 Michael Drive
Details
APN 0233458003
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Apartment/Condo
Units 3
Year Built 2001
Lot Size (SqFt) 5,250
Zoning WRHSE
Multifamily | 3 Units
Marketing description
Investment Opportunity - Fully Leased Commercial Warehouse in Morris! Investors, take note of this exceptional income-producing property in Morris. This 5,250 sq. ft. warehouse building is currently occupied by a successful CrossFit facility and is fully leased, offering immediate rental income. The building features excellent functionality with (3) 12' x 12' overhead doors and (2) 16' x 14' overhead doors, all equipped with automatic openers. North Unit:** Approximately 23' x 50' with a 12' x 17' mezzanine. **Interior Unit:** Approximately 59' x 50' featuring a mezzanine along the rear wall a half bath, and water heater. **South Unit:** Approximately 23' x 50' with no mezzanine. Each "unit" includes a separate steel service entrance door, providing convenient tenant access. Located with access from Michael Drive behind We Care, this versatile warehouse property offers a strong investment opportunity in a desirable Morris location. Fully rented and generating income-ideal for investors seeking a turnkey commercial asset or 1031 exchange opportunity. Tenant pays Real Property Taxes, Repairs & Maintenance, Water/Sewer, All Utilities, Exterior Maintenance & Trash Collection. Seller pays insurance. Also two small detached storage units that are on month to month lease basis included in the income details provided. PLEASE ABSOLUTELY DO NOT APPROACH THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT. AND PLEASE DO NOT APPROACH THE EXISTING TENANTS.
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Listed by Advantage Realty Inc
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Zoning
R-1 ResidentialSingle FamilySingle Family Detached Residence District
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View all 27 uses
View all 27 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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