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This excellent property boasts a fantastic retail strip center, featuring 11,772 square feet of premium retail space, with four units. With an impressive annual gross income of $180,810, investors can expect significant returns from the property's excellent cap rate of 8.6%. Conveniently located on N Division St, the property enjoys high-visibility and is surrounded by a wide range of commercial and residential properties, making it a top choice for retailers and investors alike. This property presents a fantastic opportunity for investors seeking reliable income streams and profitable investment returns. The superb location, impressive income, and exceptional cap rate of 8.04% are just some of the features that make this Morris-based retail strip center an outstanding investment option.
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Residential
$15,750,000
MLS# MRD11475287
ACTIVE

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Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 6th June, 2023 2:46 PM (UTC)
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 6th June, 2023 2:46 PM (UTC)
Listing Office: Coldwell Banker Commercial Real Estate Group
Attribution contact: 630-844-2222