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403 Spellisy Ct
Morris, IL 60450

Land Portfolio Morris, IL · Land For Sale · 38.04 AC Total

Investment Highlights

  • Over 38-acres of shovel-ready, commercial land for development off US Hwy 6 and N Division St, a major retail corridor in the area.
  • Strategically positioned with excellent visibility on US Highway 6 with an average traffic count of nearly 15,000 vehicles per day.
  • Located in a growing market with daytime employment at 10,384 within a five-mile radius.
  • Total consumer spending within a five-mile radius is over $247 million, with retail spending per capita at $12,746.
  • Excellent value-add opportunity where a new owner can realize gains through development and disposition.

Executive Summary

In Morris, Illinois, this land portfolio is just over 38-acres of commercial and industrial land broken up into 14 lots. Located just off US Highway 6 and less than a mile from I-80 and Route 47, this site is strategically positioned in a major retail corridor. A brand-new ALDI recently opened next door along with a new Goodwill, and the parcels wrap just north and east of a Walmart Supercenter. Other major national retailers nearby include Starbucks, Dunkin', Dollar Tree, Dollar General, GameStop, Walgreens, Burger King, McDonald's, Wendy's, and more within a mile. With plenty of distribution and commercial development in the Morris area helping drive job growth, the historically strong employers in the energy, health care, and farming sectors help support a relatively recession-proof economy. The Town of Morris boasts a population of nearly 16,000 with a historically steady growth rate and an average household income of $90,304 within a five-mile radius. US Highway 6 enjoys traffic counts of nearly 15,000 vehicles per day, and with proximity to the intersection of I-80 and Route 47, customers are never far.

PROPERTY FACTS

Sale Type Investment
Status Active
Number of Properties 14
Individually For Sale 14
Total Land Area 38.04 AC
  • Listing ID: 23495297

  • Date on Market: 6/23/2021

  • Last Updated:

  • Address:

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