2001 Ottawa AveOttawa, IL 61350

  • Commercial real estate
  • 6,243 SF
For Sale
$125,000 View listing

Property Details for 2001 Ottawa Ave

Year built
1924
Lot size
0.16 AC
Property size (Sq ft)
6,243 SF
Property type
Commercial real estate
APN
21-16-212-013
APU
2116212013

Description

This exceptional commercial property, located at 2001 Ottawa Avenue in Ottawa, Illinois, presents a unique investment opportunity. The 6,243 square foot building boasts a spacious main level ideally suited for a variety of commercial uses. This area features a large 38x32 front room with two bathrooms, a substantial 57x41 bar and banquet room with its own bathroom, and a kitchen with direct access to the attached two-car garage. The property's previous use as a restaurant/bar highlights its suitability for similar ventures or adaptive reuse. Adding to its appeal is a three-bedroom, one-bathroom residential unit located upstairs, providing additional income potential through rental. Beyond the building itself, ample parking is available with over ten exterior spaces. A partial basement offers valuable storage and utility space. Situated in the desirable town of Naplate, this property offers a blend of commercial and residential potential in a vibrant community. The combination of a large commercial space, a separate rental unit, and abundant parking makes this an attractive investment for both established businesses and entrepreneurs seeking a versatile property. Don't miss this chance to own a piece of Ottawa's commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,290,265
    Hospitality
    $1,181,876
    Educational
    $983,307
    Medical
    $1,017,124
    Retail
    $1,529,588
2001 Ottawa Ave, Ottawa, Illinois

Location Insight

City
Ottawa
County
Lasalle
State
Illinois
Latitude
41.3336
Longitude
-88.8777
CBSA code
36837
CBSA name
OTTAWA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,476
$5,433
$12,233
$17,666
-
$16,299
$36,699
$52,998

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