Listing provided courtesy of Advantage Realty, Inc.MREDas Distributed by MLSGrid- MLS# 12654773
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Request Info555 Michael DriveMorris, IL 60450
Commercial · 5,250 Sq. ft.$495,000
Active
555 Michael Drive Overview
- Time on Site:
- 14 days
- Visits:
- 0
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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555 Michael Drive Facts & Features
- Type Commercial
- Sq. ft. 5,250
- Price/Sq.ft. $94
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Existing Lease Type: Net
- Fuel Expense: 0
- Gross Income: 39000
- Gross Scheduled Income: 39000
- Insurance Expense: 6000
- Operating Expense: 6000
- Trash Expense: 0
- Water Sewer Expense: 0
Building Information
- Year Built: 2001
Location/Region
- County Or Parish: Grundy
- MLS Area Major: Morris
- Township: Saratoga
Rent/Lease Information
- Tenant Pays: Electricity, Heat, Taxes, Repairs, Sewer, All Utilities, Trash Collection
Tax Information
- Tax Annual Amount: $1,525.68
- Tax Year: 2025
General Information
- Parcel Number: 0233458003
- Property Sub Type: Condominium
- Property Type: Commercial Sale
- Zoning: WRHSE
Interior
Building Information
- Warehouse SqFt.: 5250
Building Interior
- Building Area Total: 5250
General Information
- Cooling: None
- Electric: Circuit Breakers
- Foundation Details: Concrete Perimeter
- Stories: 1
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: City Street,Public Road,Signal Intersection
- Lot Size Dimensions: 50X105
- Lot Size Square Feet: 5250
Building Exterior/Construction
- Construction Materials: Steel Siding
General Information
- Number Of Units Total: 3
- Sewer: Holding Tank
- Utilities: Electric to Site,Natural Gas Available,Water Available
555 Michael Drive Neighborhood
Community
60450 (Morris) Demographics
40
Median Age
124
Population Density (per sq. mile)
35%
College Educated
$72,505
Estimated Median Income
5,436
Estimated Total Home Owners
3,285
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.555 Michael Drive Monthly Cost
555 Michael Drive Market Data
Based on the last 30 days in this zip code
$398,275
Average List Price
$193
Average Price per Square Foot
17
Properties Sold
48
Average Days on Market
61
Properties for Sale
555 Michael Drive History
| Date | Value | Agent |
|---|---|---|
| 6/22/2026Source: MRED | Active |
|
| 6/16/2026Source: MRED | June 16, 2026 |