Listing provided courtesy of Advantage Realty, Inc.MREDas Distributed by MLSGrid- MLS# 12529662MLS Provider

310/312 Liberty StreetMorris, IL 60450

Commercial · 8,700 Sq. ft.
$799,000 Active

310/312 Liberty Street Overview

Time on Site:
203 days
Visits:
7

Very well maintained and total recent rehab of these two centrally located downtown Morris buildings on Liberty Street. Presently one PIN but could be separated after purchase. Currently used for food and beverage operation. Business is not included. There are kitchens in the back of both buildings and all equipment remains. 310 building includes retail space on the main floor in front and separate rented kitchen in the rear. The second floor has two additional rental spaces. One with additional ground floor exterior access. 312 building features a bar and dining area on both floors, his & her bathrooms on both floors and an additional party room on the second floor. Current use on the main floor is a very popular coffee shop. First floor features full kitchen as an additional separate rental space. Second floor also has exterior access. Finishing this building is a completely finished basement featuring walk-in coolers, freezers and dry storage. Additional kitchen prep space also. Different design elements throughout the building, such as stone fireplace, brick walls extensive use of corrugated steel and chain link fencing for a unique design feature. One of the only downtown buildings which features elevator access between floors. Current tenant would like to remain if possible.

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310/312 Liberty Street Facts & Features

  • Type Commercial
  • Sq. ft. 8,700
  • Price/Sq.ft. $92

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 58800
  • Gross Scheduled Income: 58800
  • Insurance Expense: 3146
  • Net Operating Income: 43815

Building Information

  • Year Built: 1915

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Grundy
  • MLS Area Major: Morris
  • Township: Morris

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Sewer, All Utilities

Tax Information

  • Tax Annual Amount: $11,839.00
  • Tax Year: 2024

General Information

  • Parcel Number: 0504485013
  • Property Sub Type: Neighborhood Storefront
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 8700

General Information

  • Cooling: Central Air, Zoned, Ceiling Fan(s)
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps, Service - 201 to 600 Amps
  • Flooring: Concrete, Tile, Wood
  • Leasable Area: 0
  • Stories: 2

Unit Information

  • Unit SqFt.: 8700

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 40 X 90
  • Lot Size Square Feet: 3600

Building Exterior/Construction

  • Construction Materials: Brick, Cedar
  • Roof: Composition, Membrane

General Information

  • Number Of Units Total: 1

310/312 Liberty Street Neighborhood

Community

60450 (Morris) Demographics

40
Median Age
124
Population Density (per sq. mile)
35%
College Educated
$72,505
Estimated Median Income
5,436
Estimated Total Home Owners
3,285
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

310/312 Liberty Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

310/312 Liberty Street Market Data

Based on the last 30 days in this zip code

$398,275
Average List Price
$193
Average Price per Square Foot
17
Properties Sold
48
Average Days on Market
61
Properties for Sale
Calculations provided by Reliance Network

310/312 Liberty Street History

Date Event Value Agent
12/13/2025Source: MRED Status Change
Active
12/8/2025Source: MRED Added to Database
December 08, 2025