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1107 Armstrong St
50,000 SF Industrial Building Morris, IL 60450 For Sale
Investment Highlights
- Opportunity to own and occupy a spacious 50,000-square-foot industrial warehouse in Central Illinois' Grundy County.
- Thrive in an advantageous location with quick access to population centers and railroad intermodals, as Chicago is home to six Class 1 railroads.
- 1107 Armstrong Street features concrete flooring, high ceilings, windows for natural light and multiple drive-in doors on a 2.77-acre lot.
- Superior highway connectivity with convenient access to Route 47, Highway 6, and Interstate 80, less than 10 minutes away.
Executive Summary
1107 Armstrong Street sits in Grundy County on the outer edge of the Chicago Market, providing that small-town feel so many people are seeking while keeping the big city within reach. A driving force behind Chicago's industrial sector is its centralized location and unparalleled rail and highway connectivity. Chicago is the only US city to contain six Class 1 railroads. 1107 Armstrong Street is less than 10 minutes from Route 47, Highway 6, and Interstate 80.
Surrounded by several thriving corporations with an industrial footprint, this warehouse is near FAMCe, Uni Tech Services Group, Illinois Valley Industries, Salclay Truck and Trailer Repair, Fairway Recycling, and more. The Grundy County industrial submarket is nearly at capacity, with just 0.6% of inventory being vacant, making this warehouse a rare find. 1107 Armstrong Street is primed to offer an excellent investment or growth opportunity.
• Building type: un-air-conditioned storage with no restrooms.
• Use: Storage only
• The 50,000-square-foot warehouse is served by two 12- by 14-foot dock-high doors on the south end of the building and one 12- by 14-foot at-grade door at the north end of bldg.
Sale Flyer
Property Facts
| Sale Type | Investment | Rentable Building Area | 50,000 SF |
| Property Type | Industrial | Number of Floors | 1 |
| Property Subtype | Warehouse | Year Built | 1960 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.77 AC |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.77 AC |
| Rentable Building Area | 50,000 SF |
| Number of Floors | 1 |
| Year Built | 1960 |
| Tenancy | Single |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
• Partially-leased • Building type: un-air-conditioned storage with no restrooms. • Use: Storage only • 50,000 sq ft warehouse is served by two 12’x14’ dock high doors on south end of building and one 12’x14’ at grade door at north end of building
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 22,706 SF | Industrial | - | 30 Days |
1st Floor
| Size |
| 22,706 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 22,706 SF |
| Space Use | Industrial |
| Condition | - |
| Available | 30 Days |
• Partially-leased • Building type: un-air-conditioned storage with no restrooms. • Use: Storage only • 50,000 sq ft warehouse is served by two 12’x14’ dock high doors on south end of building and one 12’x14’ at grade door at north end of building
About Grundy County
Though still part of the Chicago metropolitan area, Grundy County is at its outer edge, offering industrial tenants and owners quick access to interstates 55 and 80 and Route 47, which bifurcates the area. The county seat is in Morris, just a few miles west of where the Illinois River splits from the Kankakee River.
Unlike many other areas in the Chicago area, Grundy County saw its population increase by over 33% from 2000 to 2010 and another 5% from 2010 to 2020. Besides its bucolic setting, another reason why residents are drawn to the area is to land one of the distribution jobs attached to the sizable warehouses in the area. For example, Oreo-cookie manufacturer Mondelez (1.6 million square feet), retailer Walmart (1.5 million square feet), and household-necessity manufacturer Proctor & Gamble (1.2 million square feet) all have distribution centers in Grundy County.
DEMOGRAPHICS
Regional Accessibility
Nearby Amenities
Retail |
||
|---|---|---|
| Ace Hardware | Hardware | 1 min walk |
| Farmers Insurance | Insurance | 19 min walk |
Hotels |
|
|---|---|
| Super 8 |
59 rooms
6 min drive
|
| Comfort Inn |
50 rooms
6 min drive
|
| Days Inn |
67 rooms
6 min drive
|
| Holiday Inn Express |
92 rooms
7 min drive
|
PROPERTY TAXES
| Parcel Number | 05-03-426-012 | Improvements Assessment | £24,407 |
| Land Assessment | £9,486 | Total Assessment | £33,893 |
PROPERTY TAXES
-
Art Kline, CCIM - McElvain Development Company
Presented by
McElvain Development Company
1107 Armstrong St
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