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    227 W Madison St, Unit 1 Ottawa, IL 61350

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Ottawa, IL

    Type:Office
    Days on Market:
    107
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for 227 W Madison St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl

    spring realty inc (815) 351-0555 [email protected]

    Listing agent Ricky Gray (815) 955-2705

    Listing date Sep 22, 2025

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Space in Ottawa

    Located in downtown Ottawa, Illinois, this commercial space offers 3200 sq.ft. on the main floor. The property features multiple offices, including six individual offices, a reception area, and open desk spaces. The entryway and front offices benefit from abundant natural light. The space is suitable for various uses, including offices, restaurants, or retail. It is situated one block from the LaSalle County Courthouse and City Hall, and two blocks from the Illinois and Fox Rivers. New floors have been installed throughout the space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fuller Michael W Attorney Richard L. Burton Attorney Burton, Fuller & Associates, ... Law Firm Shannan Hermann Nurse Practitioner Eric Denny Nurse Practitioner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.84307
    Latitude
    41.346777

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    FAQs

    What type of property is this?
    Office space - 3200 sq.ft. commercial space in downtown Ottawa for rent.
    Where is this office space located?
    The property is located at 227 W Madison St, Unit 1 Ottawa, IL.
    What are key features of this property?
    This property features: - Prime downtown Ottawa commercial location.; - 3200 sq.ft. main floor space suitable for offices, restaurants, or retail.; - Multiple offices (6), reception area, and open desk spaces.
    (815) 955-2705
    Request Owner's contact information
    227 W Madison St, Unit 1 Ottawa, IL 61350
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    Ottawa, IL 61350
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    227 W Madison St, Unit 1 Ottawa, IL 61350
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