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$ 510,000
Est. payment /mo
New
227 W Madison ST Ottawa, IL 61350
6,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $79
MLS Listing ID 12471823
Year Built 1915
Annual Tax Amount $11,835
Tax Year 2024
Lot Dimensions 40X80
Property Sub-Type Mixed Use
Property Description
Attention Owners/Investors, Don't miss out on this 6400 sq ft 2 story building investment opportunity in historical downtown Ottawa and located one block from the courthouse and in the Heart of Strarved Rock Country. The first floor is 3200 sq ft and is currently vacant. Offering lots of large offices, soaring ceilings, conference room, entryway for that perfect greeter. Bathrooms and kitchen all on the first floor. A little elbow grease and some cosmetic work will have potential tenants knocking down the door. The second floor is 3200 sq ft and is fully leased at. After your facelift of the first floor, the building value and income will increase. There is an elevator servicing both first and second floors. The building also has a full basement, half shared by each floor for more storage opportunity. Lower level currently available for rent. Two blocks from Illinois and Fox Rivers. This building has lots of possibilities such as office or possibly apts above a business. Come and check it out today!
Location
State IL
County Lasalle
Area Danway / Dayton / Naplate / Ottawa / Prairie Cent
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ricky Gray • Spring Realty
