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    323 Railroad Ave Ottawa, IL 61350

    Sponsored
    For Sale
    $399,927

    COMMERCIAL - Ottawa, IL

    Lot size:
    0.16 Acres
    Days on Market:
    95
    Last Refresh:
    Jan 7 at 11:06 pm

    Property Features for 323 Railroad Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    2116403024
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Thomas Cunningham (708) 369-7625

    Listing date Oct 5, 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

    Ottawa Restaurant Opportunity

    A commercial property in Ottawa, Illinois, currently operating as a conventional restaurant, is available for purchase. The property has operated as a restaurant for over 75 years. The lot size is 0.16 acres. The zoning is COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anne's Hide-A-Way Caterer

    Suggested Use

    Realty agency Law Firm Restaurant Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop HVAC Service Bar & Pub Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.878335
    Latitude
    41.332186

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant for sale in Ottawa, Illinois.
    Where is this restaurant located?
    The property is located at 323 Railroad Ave Ottawa, IL.
    What is the asking price?
    The asking price for this property is $399,927.
    What are key features of this property?
    This property features: - Restaurant in existence for over 75 years.; - Established business with a long operating history.; - Central Air Conditioning.
    (708) 369-7625
    Request Owner's contact information
    323 Railroad Ave 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
    323 Railroad Ave Ottawa, IL 61350
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