555 Michael Drive Morris, IL $ 495,000
555 Michael Drive
$ 495,000
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555 Michael Drive

Morris, IL, 60450
$ 495,000
Bedrooms-- Baths-- Sq 5,250
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Property for Rent in Morris, IL

for $495,000. This 5,250 square foot property was built in 2001 on a lot size of 0.120523.

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.

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Rental Active

Price

$ 495,000

Taxes

$ 1,525

Style

Lot Size

0.120523

Year Built

2001

Town/City

Morris

County/Region

Grundy

MLS | Web ID

12654773

Features
General
Sewer Holding Tank
Cooling None
Utilities Electric to Site Natural Gas Available Water Available
Possession Closing
Zoning WRHSE
Construction Materials Steel Siding
Year Built 2001
Electric Circuit Breakers
Tenant Pays Electricity Heat Taxes Repairs Sewer All Utilities Trash Collection
Stories Count 1
Township Saratoga
Property Subtype Condominium
Tax Year 2025
Gross Income 39000
County Grundy
Operating Expense 6000
Insurance Expense 6000
Property Type Commercial Sale Mixed Use
Status New
Directions Rt 6 To North (right) Union/Michael Drive Light. Driveway to Crossfit Exemplify & Parking Lot located on the Right.
City Morris
Number Of Units Total 3
MLS Area Morris
Lot Size Square Feet 5250
Tax Annual Amount 1525.68
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Lease Type Net
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 5250
Lot Dimensions 50X105
Frontage Type City Street Public Road Signal Intersection
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* Excluded Features
List By
Advantage Realty, Inc.

Broker

anitra@advantagerealty.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/16/2026$495,000 Listed Price

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555 Michael Drive, Morris, IL, 60450 is a Property for Rent at $495,000 with 5,250 sqft and a lot size of 0.120523. 555 Michael Drive was built in 2001. The property's zip code is 60450 which is in Morris, IL