| 60'x120' Morton building|
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|I have a 60'x120' Morton building that was built in 1976 that is connected to one of my properties. Half of it is cement floor and heated and the other side is cold storage. Any ideas on what this would be worth? I would guess they probably built it for around 20k back then?|
North Central Iowa
|No way that's still standing. I jusr read on here pole barns don't last more than 30 years.|
|I just had a 60x120x20' tall walls built before the end of last year. It is basically a hay shed with one complete end wall missing. Price erected was right at $60k. It is an all steel pole barn with no concrete and no doors. Prices for those things goes up rapidly.|
|I have a 54 x120 Morton that was built in 1976. It is as good as the day it was built. The only thing I replaced was the sliding door with a hydraulic raise door. Best building on the market.|
|Not sure what its worth, but I think Morton buildings are overpriced, we got a 50x80 pole building through a lumber yard 50 miles from home for almost half what the Morton quote was, after it was built we realized its built better than the mortons anyways. My rant on Morton tonight....sorry haha|
SC North Dakota
|I would agree, there are a lot of buildings on the market that are just as good as a Morton for less money IMO.|
|I don't think that is what he wanted to know. I would value it at 45k|
|I was responding more to "wirefarms" comment. AS for the OP's question, you're probably not to far off being 1/2 is concreted & heated. I put up a new 52'x70'x15' building in '78. Without going back & looking it up in the files, I'm thinking I paid a little over $20,000 for the building, no electrical or concrete.|
nwfarmer - 4/6/2014 16:17
I have a 54 x120 Morton that was built in 1976. It is as good as the day it was built. The only thing I replaced was the sliding door with a hydraulic raise door. Best building on the market.
Obviously Morton had 2 different kind of buildings that they were putting up in the 70's if yours was the best on the market. I wouldn't pay $10 for the 3 that my landlords built in the 70's, no better in the 80's or 90's here. If you had an insurance company do a cost estimator on your shed it could easily come to $100000. I guess if I was looking to buy a 1976 Morton shed it would have to be almost free. Soon to be 40 years old and if its like most around here from that era the doors are so short and narrow they are about useless.
jck0929 - 4/6/2014 14:42
I have a 60'x120' Morton building that was built in 1976 that is connected to one of my properties. Half of it is cement floor and heated and the other side is cold storage. Any ideas on what this would be worth? I would guess they probably built it for around 20k back then?
More info. would be useful. What is the height of the sidewalls, what size and type of doors?
What kind of heat, floor drain, etc.
It has been mentioned the height needed for most modern equipment. If 14 ft. door height, it will be very useful.
Replacement cost today would be $120K or more.
Livingston Co. Illinois
|Our Morton was built in 1964 with cement for $4600. 42 by 64. Put new rafters and tin on the roof after tornado lifted the roof up and split the rafters. They looked at the post and were all good so we fixed it for just under $ 20,000 with a new door and lift .|
|To me the question is pretty vague, Could you explain by what you mean by worth. If your trying to sell it, not worth much. trying to rent? or what.|
|The price that something cost in 1976 isn't relevant to what it is worth today. Current replacement cost gives you a good place to start assessing its value. By replacement cost I mean a structure that would last about as long as the current structure would last, so a new Morton shed wouldn't be a comparable building, a lower grade building would be closer to the value you are looking at. Likewise a 35 year old concrete slab has value, but its far below the value of a newly poured concrete slab. A 15 year old or older heating system has no value. Fair value of the building(not including the land it sits on) is probably in that 25-35,000 area as long as it had enough elevation to drain water away from the structure. If the building has to be moved then you'd be lucky to get 25-30% of that.|
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