Description

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Marcus & Millichap is pleased to present Jackson Plaza located at 939-959 W Jackson in Morton, IL.​ Morton is located in Central Illinois in close proximity to Bloomington/Normal, Peoria, and Springfield.​ Morton is a growing community with a continued projected household and population increase over the next five years.​ Average household income is above the national average with a 13.5% increase expected in the next five years.​ In addition, the current unemployment rate in Morton is hovering above two percent, well below the national average.​

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Jackson Plaza is adjacent to Kroger/CVS and has national tenants such as Verizon, Pizza Hut, and H & R Block.​ The site is very conveniently located at the full interchange of I74 and Morton Avenue, a major thoroughfare in the community.​ The property is being offered as a value add opportunity for an opportunistic buyer.​ Leasing up the remaining space will significantly increase the return a new buyer would be getting.​

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Morton's economy has been shaped by its proximity to both east/west and north/south interstates (I-74, I-474, I-155, I-55), central location between Chicago, St.​ Louis, and Indianapolis, the presence of Caterpillar's logistics center, proximity to Caterpillar's corporate headquarters in Peoria, and the surrounding fertile farmland.​ Morton is a net importer of the workforce due to the high concentration of major employers and has an unemployment rate of 2.61% which below the state rate of 4.2%.​ Major industry clusters include advanced manufacturing and logistics/distribution.​ Other major employers in the area include Libby's Pumpkin cannery and Morton Buildings.​