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Morris, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Morris, Illinois Market population: 14K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Morris IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Morris IL Properties: 2.6100%

πŸ“Š Average Income For Morris IL Commercial Property: $58,451

Investor Questions For Morris IL

Common questions from investors exploring commercial real estate in Morris IL.

What's the overall investment potential of Morris, IL, considering its demographic and economic factors? +
The combination of a relatively low poverty rate of 9.7%, a high health insurance coverage rate of 93.7%, and a median household income of $58,451 suggests a stable market with a strong potential for rental income and property appreciation, especially given the diverse top industries including Public Administration, Construction, and Finance & Insurance.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential tenants in Morris, IL? +
The average commute time of 26.9 minutes, coupled with the top commute methods being driving alone, working from home, and carpooling, indicates a relatively convenient and flexible transportation infrastructure, which is beneficial for residents and tenants, and is further supported by the high health insurance coverage rate of 93.7% and low poverty rate of 9.7%.
What role does ethnic diversity play in the demand for real estate in Morris, IL, and how might it impact investment decisions? +
The top ethnicities in Morris, IL, including White, White Non-Hispanic, and Hispanic populations, contribute to a diverse community, which can drive demand for real estate, particularly when combined with the town's strong employment numbers, including 6,525 employed individuals and top industries like Public Administration and Construction, suggesting a robust local economy.
How do the median property value and property taxes in Morris, IL, compare to other investment considerations like homeownership rate and average commute time? +
The median property value of $190,200 and median property taxes of $3,340, set against a backdrop of a 56.3% homeownership rate and an average commute time of 26.9 minutes, suggest a balanced housing market that offers potential for both rental income and long-term property appreciation, especially considering the relatively low poverty rate of 9.7% and high health insurance coverage of 93.7%.
What insights can be gleaned from the income inequality and employment data in Morris, IL, for real estate investors looking to understand market stability? +
The GINI coefficient of 0.421, indicating a moderate level of income inequality, combined with an employed population of 6,525 and a low poverty rate of 9.7%, suggests a stable workforce and potential for consistent rental income, which is further reinforced by the diverse top industries and high health insurance coverage rate, pointing to a resilient local economy that can support real estate investments.

Morris IL Real Estate & City Facts

Key facts and real estate information about Morris IL.

What are some of the best neighborhoods to live in Morris? +
Some of the best neighborhoods to live in Morris, IL, include Pine Bluff Prairie, Downtown Morris, and Minooka. These neighborhoods offer a range of housing options, from historic homes to modern developments, and are known for their charm and convenience.
What are some fun things to do in Morris? +
There are plenty of fun things to do in Morris, IL, including visiting the Grundy County Historical Museum, taking a self-guided walking tour of the city's historic homes, and exploring the Illinois & Michigan Canal. You can also attend the Grundy County Corn Festival, go shopping in Downtown Morris, or grab a bite to eat at one of the city's many restaurants, such as The Primal Cut Steakhouse or Maria's Ristorante & Pizzeria.
What is the food scene like in Morris? +
The food scene in Morris, IL, is diverse and delicious, with a range of restaurants serving everything from fine dining to casual eats. Some popular spots include The Primal Cut Steakhouse, Maria's Ristorante & Pizzeria, and The Hideout, a family-friendly restaurant with a welcoming atmosphere. There are also plenty of great food trucks and cafes, such as Le Mex and Letty Mae's Tea Room, where you can grab a quick bite or meet with friends.
What are the pros and cons of living in Morris? +
The pros of living in Morris, IL, include its charming small-town atmosphere, convenient location, and range of outdoor recreational opportunities. However, some cons include the city's limited job market and higher cost of living compared to other parts of the state. Additionally, some residents have noted that the city's downtown area can be quiet at night, and there may not be as many entertainment options as in larger cities.
Is Morris a good place to live? +
Overall, Morris, IL, is a great place to live for those who value a close-knit community, outdoor recreation, and a relaxed pace of life. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, the city's many charms and advantages make it an attractive option for families, retirees, and individuals looking for a welcoming and affordable place to call home.
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