Versatile Commercial Facility in
441 E Stevenson Avenue Ottawa, IL 61350
441 E Stevenson Avenue, Ottawa, IL, 61350
$645,000
For Sale
$645,000
COMMERCIAL - Ottawa, IL
Property Size5,595 SF
Lot Size1.10 Acres
Price / SF$115.28
Days on Market145
Property Features for 441 E Stevenson Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 1436146000
- Size
- 5,595 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6309
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Steel Siding
- Roof type
- Metal
Listing agency
Re/Max Ultimate Professionals
(815) 556-1077
Listed by
Tara Davies · License #475179823
(815) 725-4545
Added: Feb 27 Updated: Apr 25 at 2:26PM Checked: Jul 22 at 5:06AM
MLS# 12579660
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located in Ottawa, IL, this 5,595 square foot commercial facility offers flexibility and functionality. Currently operating as a dog grooming and boarding business, the property is situated within Ottawa's North TIF District and Enterprise Zone. The zoning is D - Office, Research & Light Industrial, with C - Commercial also allowed. Federal Grants may be available for Manufacturing use, and TIF incentives have been extended until 2040. The single-level layout includes a reception area with secure entry, 22 indoor kennel rooms constructed with block and metal gating, a grooming area with plumbing and wash stations, an open training or play area with tall ceilings and ceiling fans, utility and laundry areas, a breakroom, and multiple restrooms including ADA-compliant facilities. An attached insulated dome structure provides additional clear-span space suitable for training, storage, light manufacturing, events, or expansion. A fenced outdoor play yard with concrete patio and shade structure enhances operational versatility. Over $200,000 has been invested in commercial-grade upgrades including epoxy flooring, enhanced lighting, expanded plumbing with increased water pressure, new sink installation, hot water lines to rooms, washer and dryer and refrigerator additions, drywall reconstruction and repainting, and a fully integrated AI-enabled 4K surveillance system. The building also features a fully installed 24/7 fire monitoring alarm system. Previously utilized as a bar, the adaptable layout and durable improvements make this a turnkey opportunity suited for continued pet-related operations or conversion to daycare, office, research, light industrial, event, retail, or fitness applications, or an indoor golf range. The property is classified as commercial per county records and sits on a 1.1-acre lot. Buyer to verify zoning and permitted uses with the City of Ottawa.
Key Highlights
- Turnkey commercial facility (5,595 sq ft) suitable for continued pet‑related operations or conversion to various other uses.
- Located in Ottawa's North TIF District and Enterprise Zone with TIF incentives extended until 2040.
- Significant commercial‑grade upgrades (over $200,000 invested) including epoxy flooring, enhanced lighting, expanded plumbing, and a 4K surveillance system.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.6k | $14.40 |
| − Vacancy | −$8.1k | −$1.44 |
| EGI | $72.5k | $12.96 |
| − OpEx | −$21.8k | −$3.89 |
| NOI | $50.8k | $9.07 |
5,595 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$725.1K
$634.5K – $846.0K
NOI $50,758 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,024 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Day care centers
Similar For Sale Nearby
FAQs
What type of property is this?
Day care center - Adaptable commercial building suitable for various business applications.
Where is this day care center located?
The property is located at 441 E Stevenson Avenue Ottawa, IL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Turnkey commercial facility (5,595 sq ft) suitable for continued pet‑related operations or conversion to various other uses.; Located in Ottawa's North TIF District and Enterprise Zone with TIF incentives extended until 2040.; **Significant commercial‑grade upgrades (over $200,000 invested) including epoxy flooring, enhanced lighting, expanded plumbing, and a 4K surveillance system.**
