$384,000
$399,900
4.0%For more information regarding the value of a property, please contact us for a free consultation.
3,000 SqFt
SOLD DATE : 12/31/2022
Key Details
Sold Price $384,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $128
MLS Listing ID 11663192
Sold Date 12/31/22
Year Built 1875
Annual Tax Amount $3,844
Tax Year 2020
Lot Dimensions 50X125
Property Sub-Type Mixed Use
Property Description
Fantastic, FULLY Renovated, two-story mixed-use building, with TURN-KEY restaurant and residential apartment, located in the heart of historic, downtown Morris. Morris, IL is a bustling Illinois River Town, nestled an hour southwest of Chicago with direct access from high traffic Route 6, Route 47 and Interstate 80. Visitors flock day & night from the surrounding cities and greater Chicagoland area for Morris' famous year round special events and festivals (such as, Liberty Arts Festival, Grundy County Corn Festival, Morris Cruise Nights, Home for the Holidays Festival, 3 French Hens Country Market, and numerous holiday parades), shopping at one-of-a-kind boutiques and specialty shops, year-round outdoor recreation (watersports, hiking, biking, hunting, etc..) and popular nightlife. This well-known and locally adored restaurant was revitalized and renovated in 2019, and then opened for business in 2020. Extensive outdoor seating, large inside dining area with breakfast bar, and warm and inviting modern farmhouse decor and friendly atmosphere! AND, it has yet to meet its full potential! Catering and/or dinner menu would also make a great addition. Other outstanding notables include, restaurant currently holds a full liquor license, full basement w/ office and additional storage, possible bonus income from gaming machines that were recently added, LOW REAL ESTATE TAXES, extended permit for outdoor seating though 2022 (reviewed by the city on a yearly basis), and completely renovated upstairs apartment currently rented by excellent, long term tenant on a month-to-month basis. (Pictures of apartment taken prior to tenant moving in). The list goes on and on! This property is a MUST SEE! List price includes: Real Estate w/ Improvements; fully functioning restaurant, all fixtures and equipment (excluding leased gaming machines and leased commercial dishwasher and ice maker in restaurant), electronics & state of the art POS software, inventory, Central Security System/Alarm, restored/high exposure LED marquee sign, and apartment stove refrigerator, microwave and window air conditioning unit. EVERYTHING is ready for the next owner! TRULY TURN-KEY! PLEASE CONTACT LISTING AGENT OR CO-LIST AGENT FOR FURTHER INFORMATION AND TO SCHEDULE ALL SHOWINGS. DO NOT CONTACT THE OWNER, STAFF, CUSTOMERS OR VENDORS. FINANCIALS CAN BE SHARED AFTER THE EXECUTION OF A CONFIDENTIALITY AGREEMENT.
Location
State IL
County Grundy
Zoning COMMR
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
View Y/N true
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Bought with Garry Schroeder • Coldwell Banker Today's, Realtors
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