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467 Arthur
Morris, IL 60450

Land Portfolio Morris, IL · Land For Sale · 38.04 AC Total

Investment Highlights

  • Over 38-acres of shovel-ready, commercial land for development off US Hwy 6 and N Division St, a major retail corridor in the area.
  • Strategically positioned with excellent visibility on US Highway 6 with an average traffic count of nearly 15,000 vehicles per day.
  • Located in a growing market with daytime employment at 10,384 within a five-mile radius.
  • Total consumer spending within a five-mile radius is over $247 million, with retail spending per capita at $12,746.
  • Excellent value-add opportunity where a new owner can realize gains through development and disposition.

Executive Summary

In Morris, Illinois, this land portfolio is just over 38-acres of commercial and industrial land broken up into 14 lots. Located just off US Highway 6 and less than a mile from I-80 and Route 47, this site is strategically positioned in a major retail corridor. A brand-new ALDI recently opened next door along with a new Goodwill, and the parcels wrap just north and east of a Walmart Supercenter. Other major national retailers nearby include Starbucks, Dunkin', Dollar Tree, Dollar General, GameStop, Walgreens, Burger King, McDonald's, Wendy's, and more within a mile. With plenty of distribution and commercial development in the Morris area helping drive job growth, the historically strong employers in the energy, health care, and farming sectors help support a relatively recession-proof economy. The Town of Morris boasts a population of nearly 16,000 with a historically steady growth rate and an average household income of $90,304 within a five-mile radius. US Highway 6 enjoys traffic counts of nearly 15,000 vehicles per day, and with proximity to the intersection of I-80 and Route 47, customers are never far.

PROPERTY FACTS

Sale Type Investment
Status Active
Number of Properties 14
Individually For Sale 14
Total Land Area 38.04 AC

Properties

Property Name / Address Property Type Size Individual Price
Lot 4
467 Arthur, Morris, IL 60450
Land 5.05 AC $3,801,764 CAD
Lot 7
406 Spellisy Ct, Morris, IL 60450
Land 1.52 AC $1,147,068 CAD
Lot 8
415 Arthur Ave, Morris, IL 60450
Land 1.68 AC $1,265,706 CAD
Lot 9
336 Spellisy Ct, Morris, IL 60450
Land 1.50 AC $613,620 CAD
Lot 10
2566 Mission Pky, Morris, IL 60450
Land 1.50 AC $611,235 CAD
Lot 12
308 Spellisy Ct, Morris, IL 60450
Land 3.22 AC $1,312,074 CAD
Lot 13
300 Spellisy Ct, Morris, IL 60450
Land 2.83 AC $1,156,411 CAD
Lot 6
403 Spellisy Ct, Morris, IL 60450
Land 3.09 AC $2,327,954 CAD
Lot 5
449 Spellisy Ct, Morris, IL 60450
Land 5.43 AC $4,085,206 CAD
Lot 2
445 Arthur Ave, Morris, IL 60450
Land 1.91 AC $1,439,290 CAD
Lot 14
309 Spellisy Ct, Morris, IL 60450
Land 3.50 AC $1,426,827 CAD
Lot 15
323 Spellisy Ct, Morris, IL 60450
Land 2.15 AC $876,188 CAD
Lot 16
339 Spellisy Ct, Morris, IL 60450
Land 2.11 AC $862,745 CAD
Lot 3
455 Arthur Ave, Morris, IL 60450
Land 2.55 AC $1,916,478 CAD
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  • Listing ID: 23495297

  • Date on Market: 2021-06-23

  • Last Updated:

  • Address:

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