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Investment Opportunity - Fully Leased Commercial Warehouse in Morris! Investors, take note of this exceptional income-producing property in Morris. This 5,250 sq. ft. warehouse building is currently occupied by a successful CrossFit facility and is fully leased, offering immediate rental income. The building features excellent functionality with (3) 12' x 12' overhead doors and (2) 16' x 14' overhead doors, all equipped with automatic openers. North Unit:** Approximately 23' x 50' with a 12' x 17' mezzanine. **Interior Unit:** Approximately 59' x 50' featuring a mezzanine along the rear wall a half bath, and water heater. **South Unit:** Approximately 23' x 50' with no mezzanine. Each "unit" includes a separate steel service entrance door, providing convenient tenant access. Located with access from Michael Drive behind We Care, this versatile warehouse property offers a strong investment opportunity in a desirable Morris location. Fully rented and generating income-ideal for investors seeking a turnkey commercial asset or 1031 exchange opportunity. Tenant pays Real Property Taxes, Repairs & Maintenance, Water/Sewer, All Utilities, Exterior Maintenance & Trash Collection. Seller pays insurance. Also two small detached storage units that are on month to month lease basis included in the income details provided. PLEASE ABSOLUTELY DO NOT APPROACH THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT. AND PLEASE DO NOT APPROACH THE EXISTING TENANTS.

Highlights

  • Commercial Sale
  • Condominium
  • Built in 2001
  • 144 days on Market

  • Year Built
    2001
  • Stories
    1.0
  • Construction Materials
    Steel Siding
  • Foundation
    Concrete Perimeter
  • Cooling
    None

  • Utilities
    Water Available, Natural Gas Available


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Frequently Asked Questions

How do I schedule a tour of 555 Michael Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 555 Michael Dr.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 555 Michael Dr?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $495,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Morris, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 555 Michael Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 555 Michael Dr at around $2,811. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 555 Michael Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Grundy County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 555 Michael Dr?

In most cases, yes. Whether 555 Michael Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Morris's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 555 Michael Dr?

We can handle that for you. Our preferred local agent specializes in commercial sales in Morris and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $495,000 with 5,250 sqft of space—that comes out to approximately $94 per square foot.

How long has this property been on the market?

555 Michael Dr was listed on June 16, 2026, which means it's been on the market for 144 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2001, making it approximately 25 years old.

What are the property taxes for 555 Michael Dr?

The most recent public record shows annual property taxes for 555 Michael Dr were approximately $1,526. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 555 Michael Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information 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 deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 07, 2026 at 01:25AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12654773