316/318 Liberty Street , Morris, IL 60450
Morris, IL 60450
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.
Details
| MLS# | 12191549 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1885 |
| Days On Site | 88 |
| Listing Provided By | Century 21 Coleman-Hornsby | Tom Wawczak |
Features
| SQ Feet | 15,000 |
|---|---|
| Story(s) | 3 |
| Units | 12 |
| Zoning | COMMR |
Market Activity 60450
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Learn More About This Property
| State | IL |
|---|---|
| County | Grundy |
| City | Morris |
| Zip Code | 60450 |
| Area | Morris |
| Listing VS Median (in 60450) | |
Price: $980,000 low | high Med: $290,000 SqFt: 15,000 low | high Med: 1,750 $ / SqFt: $65 low | high Med: $166 On Site: 88 low | high Med: 121.000000 | |