$ 980,000
316/318 Liberty ST Morris, IL 60450
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$ 980,000
Est. payment | /mo
15,000 SqFt
$ 980,000
Est. payment | /mo
15,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $65
MLS Listing ID 12191549
Year Built 1885
Annual Tax Amount $12,031
Tax Year 2023
Lot Dimensions 60X110
Property Description
The Gebhard Building - A Historic Gem in Downtown Morris, IL! Built in 1885 by Louis Gerhard, founder of Gerhard Brewery, the Gebhard Building is a timeless landmark located in the heart of the Morris Downtown Historic District. Spanning approximately 15,000 square feet across three floors, this property blends historic charm with modern amenities, making it an excellent investment opportunity. The building features a diverse mix of long-term tenants, including 7 commercial and office spaces and 6 residential apartments. It offers flexible use potential, making it ideal for retail, office, or residential rental income. Recent updates ensure the building is well-maintained, preserving its architectural integrity while enhancing functionality. With a prime location in Morris' vibrant downtown, known for its bustling shops, restaurants, and events, the Gebhard Building presents a unique chance to own a piece of local history with reliable cash flow potential. This is a rare opportunity for investors or business owners seeking a historically significant property with established tenants in a thriving community.
Location
State IL
County Grundy
Area Morris
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Flooring Varies
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site
Building
Dwelling Type Mixed Use
Level or Stories 3
Structure Type Brick,Concrete,Stone,Wood Frame
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tom Wawczak • Century 21 Coleman-Hornsby
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