511 Illinois AveOttawa, IL 61350

Property Details for 511 Illinois Ave

Year built

1927

Lot size

0.10 AC

Property size (Sq ft)

3,936 SF

Property type

Commercial real estate

APN

22-14-217-018

APU

2214217018

Description

This exceptional 3,936 square foot mixed-use building in Ottawa, Illinois, presents a unique investment opportunity. Ideally situated near Starved Rock State Park, this property benefits from a high volume of tourist and local traffic, creating a strong potential for both retail and residential income streams. The building's prime location ensures consistent foot traffic and visibility, making it an attractive proposition for a variety of businesses. The substantial square footage allows for flexible configurations to suit diverse needs, whether it's a retail space with attached residential units, or a completely separate commercial and residential setup. This presents a rare chance to capitalize on the thriving tourism industry in the area while also benefiting from a stable residential income source. The property sits on a 0-acre lot, offering ample space for potential expansion or outdoor amenities. This mixed-use building represents a compelling investment for those seeking to diversify their portfolio or establish a presence in a highly desirable and rapidly growing area of Illinois. The property's strategic location and versatile layout make it an ideal choice for both seasoned investors and first-time buyers looking for a lucrative and stable investment. Don't miss this chance to acquire a piece of prime real estate in a sought-after location.

• Alternative Use

  Use

  Valuation

  Residential

  $813,468

  Hospitality

  $745,133

  Educational

  $619,942

  Medical

  $641,262

  Retail

  $964,354

Location Insight

City

Ottawa

County

Lasalle

State

Illinois

Latitude

41.3366

Longitude

-88.8403

CBSA code

36837

CBSA name

OTTAWA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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