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316/318 Liberty Street

Morris, IL 60450
  • $980,000
  • STATUS: Active
  • ON SITE: 115 Days
  • MLS #: 12191549
UPDATED: 52 min ago
$980,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1885
County:
Area:

School Ratings & Info

Description

The Gebhard Building - A Historic Gem in Downtown Morris, IL! Built in 1885 by Louis Gebhard, founder of Gebhard 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.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-18T16:08:15.193 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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316/318 Liberty Street Morris, IL 60450

  • Price: $980,000
  • Status: Active
  • On Site: 115 Days
  • Updated: 52 min ago
  • MLS #: 12191549
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1885
Built
Neighborhood:
Grundy
County:
Grundy
Area:
Grundy
Property Description
The Gebhard Building - A Historic Gem in Downtown Morris, IL! Built in 1885 by Louis Gebhard, founder of Gebhard 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.
Exterior Features

Exterior Building Type BrickFrameBlockStone Foundation Details Concrete PerimeterStone Frontage Type City Street

Interior Features

Cooling Central AirWindow Unit(s) Flooring Varies Heat Ventilation ElectricForced AirGasWall Unit Miscellaneous Inside Private Restroom/sPublic Restroom/s Number Of Dryers 1 Number Of Ranges 5 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 15000 Built Before1978 YN Yes Current Use Commercial Electric Circuit Breakers Fire Protection Fire Extinguisher/sCarbon Monoxide Detector(s) Geographic Locale Southwest Suburban Gross Income 120840 Gross Scheduled Income 120840 Insurance Expense 5015 Location Central Business DistrictIn City LimitsHigh Traffic Area Mls Actual Status Active Number Of Tenants 12 Operating Expense 43209 Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 12031 Tax Year 2023 Total Monthly Income 10070 Township Morris Type Mixed Use Utilities Electric to SiteGas to Site Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Century 21 Coleman-Hornsby: 815-942-9190.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-18T16:08:15.193 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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