Property for Sale: 423 Liberty, Morris, IL 60450 SOLD

$825,000
$825,000
423 Liberty, Morris, IL 60450 SOLD
$825,000
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Selling Price: $825,000
Original List Price: $950,000
Sold at 86.8% of list price
Sold Date: 11/22/2024

Type Commercial
Year Built 1870

City Morris
County Grundy

MLS 12104305
Status Closed
This large, corner two-story commercial property in downtown Morris seamlessly blends historical charm with modern updates. Recently rehabbed with the highest quality materials, the building features new waterline and plumbing, new sewer line, upgraded electrical service, and an advanced HVAC system. Safety is a top priority with a whole-building sprinkler system and state-of-the-art security. Inside, the sandblasted exposed brick maintains a nostalgic look while adding a modern feel. Currently home to an interior design shop and insurance agency, the first floor can easily be converted into one large space, ideally suited for a restaurant, with a grease trap already in place and ready for hoods, equipment, and walk-in coolers/freezers. The versatile second floor, presently used for showroom storage, offers numerous possibilities, such as apartments or an event center, with restored hardwood floors and a bathroom already installed. An existing elevator shaft simplifies potential conversions. Once a bustling roller skating rink, this property retains its historical allure while accommodating modern business needs. Located in a TIF district, it may also qualify for city grants and low-interest loans, enhancing its appeal. This beautifully restored building presents a unique opportunity for entrepreneurs to establish a business in the heart of downtown Morris.

Lot & Building Features

Cooling Central Air
Tax Year 2023
Lot Dimensions 61X120 ft

Price History of 423 Liberty, Morris, IL

Date Name Price Difference
12/31/1969 Listing Price $825,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Karen Biros Cano
Direct: 773-934-1380
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by RE/MAX Top Properties, David Welter
Sold by eXp Realty, LLC, Adam Stary
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Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: RE/MAX Top Properties