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Historic Five-Story Office Building
For Sale
$999,000

628 Columbus Street, Ottawa, IL 61350

Commercial Sale, Ottawa, IL

Property Size36,400 SF
Lot Size0.57 Acres
Price / SF$27.45
Days on Market63

Property Features for 628 Columbus Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning COMMR
Directions North from I-80 take IL route 23 south to downtown Ottawa, turn left on Main Street and another left on Columbus. The parking lot and then building will be on your right. From the south take IL-71 north to downtown Ottawa, merge with IL-23 and property will be on your right. There is additional street parking north of the property.
Subdivision Danway / Dayton / Naplate / Ottawa / Prairie Center
Standard status Active
APN 2111403011
Lot size 0.57 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 15024

Utilities

Utilities Cable Available
Cooling system Other (Cooling), Ceiling Fan(s)

Amenities

24/7 secure building access

Building Details

Year built 1914
Floors in Building 5
Number of units 45
Flooring type Wood, Terrazzo
Building materials Brick, Concrete, Block
Roof type Membrane, Rubber
Listing Agency: Coldwell Banker Commercial Real Estate Group · Coldwell Banker Real Estate
Listed By: Leah Erickson · License #475204597
Added: Jun 25 Changed: Aug 20 Last Checked: Aug 26 at 11:06AM
MLS# 12688011

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 at 628 Columbus Street, this 1914 office building combines brick masonry and steel-frame construction with wood and terrazzo flooring. The five-story property contains 36,400 total square feet above grade, with flexible multi-tenant floor plans, two passenger elevators, and an interior stairway. A basement extending across the building footprint provides additional storage or occupancy possibilities. Mechanical systems have been updated, while restored woodwork, period fixtures, and other original architectural details retain the building’s early-20th-century character.

The property occupies a 25,640-square-foot site, or 0.57 acres, with 150 feet of frontage on Columbus Street and frontage along the Fox River. A private asphalt-paved parking lot accommodates approximately 42 vehicles. The building overlooks Ottawa’s business district and is within walking distance of dining, retail, professional services, parks, the courthouse, Washington Square Park, and the Illinois and Michigan Canal State Trail. The City of Ottawa has designated the property as a Historic Building in its downtown district.

Key Highlights

  • 36,400 total square feet above grade across five floors
  • 1914 brick masonry and steel‑frame office building with restored period details
  • 25,640‑square‑foot site measuring 0.57 acres

Property Analytics

Current Use

Epilepsy Advocacy Network Association / Organization Marissa Macias, MMT Alternative Medicine Practice Riverside Women's Clinic Medical Clinic Habitat for Humanity Social Service Agency Vital Wellness Home ... Home Health Care Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Electrical Service Carpet & Flooring Store Catering Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

878
Businesses Nearby

Demographics for 61350, IL

23,997
Population
10,853
Households
2.2
Avg Household Size
43
Median Age
22%
College-Educated
93%
High-School Grad
152.5 sq mi
ZIP Area
157
Density / Sq Mi
$77,562
Median Household Income
$43,042
Median Earnings
$940
Median Rent
$157,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Brick-and-steel construction includes updated mechanical systems, two elevators, and secure tenant access.
Where is this office building located?
The property is located at 628 Columbus Street Ottawa, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 36,400 total square feet above grade across five floors; 1914 brick masonry and steel‑frame office building with restored period details; 25,640‑square‑foot site measuring 0.57 acres
More about this property
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