Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    801 E Etna Rd Ottawa, IL 61350

    Sponsored
    For Sale
    $875,000

    Land - Ottawa, IL

    Lot size:
    7.75 Acres
    Days on Market:
    206
    Last Refresh:
    Jan 18 at 2:06 pm

    Property Features for 801 E Etna Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    1336427007
    Lot size
    7.75 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Faltz

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Richard Faltz (815) 553-2406 License #471008936

    Listing date Jun 27, 2025

    MLS# 09258298 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Ottawa Land For Sale

    The property consists of two parcels. Parcel 1, with GIS PIN 13-36-427-007, spans 2.46 acres and is zoned C - Business, encompassing 107047 square feet. Parcel 2, with GIS PIN 13-36-427-011, covers 5.29 acres and is zoned A-2 for single-family or duplexes, and B for single-family, duplexes, or multi-family dwellings, totaling 230547 square feet. The combined site area is 337,594 square feet. Located in the City of Ottawa, the property is annexed and has all utilities installed, including some sidewalks, city sewer, water, storm, electric, gas, and phone. It is contiguous to the City of Ottawa Park and fully accessible. The parcel is located in the City of Ottawa I-80 commercial TIF and the Ottawa Enterprise zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Heritage Woods of Ottawa Assisted Living Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.824033
    Latitude
    41.373606

    Nearby Similar for Sale

    • $399,927
      0.16 Acres

      Ottawa Restaurant Opportunity

      Established restaurant for sale in Ottawa, Illinois.
      323 Railroad Ave, Ottawa, IL 61350
      View Details
    • $160,000
      0.35 Acres

      Charming Triplex with River Views

      Versatile triplex with river views, ideal for investors or homeowners.
      903 Douglas St, Ottawa, IL 61350
      View Details
    • $205,000

      Ottawa, IL Duplex Investment

      Two-unit duplex near downtown Ottawa, offering immediate rental income.
      718 W Jackson St, Ottawa, IL 61350
      View Details
    • New
      $474,900
      0.13 Acres

      Former Montgomery Ward Building

      Four-level building suitable for retail, office, and residential use.
      800 La Salle St, Ottawa, IL 61350
      View Details
    • $179,000
      0.30 Acres

      Ottawa, IL - Triplex Investment

      Three-unit building in Ottawa, IL, with investment potential.
      1248 Ottawa Ave, Ottawa, IL 61350
      View Details
    • $729,900
      3.68 Acres

      Ottawa Commercial Site with Warehouse

      3.68 acre commercial site with storefront and warehouse.
      1021 Fosse Rd, Ottawa, IL 61350
      View Details
    • New
      $640,000
      0.68 Acres

      New Multifamily Property in Ottawa

      Four-unit multifamily property built in 2023, near downtown Ottawa.
      201 24Th Ave, Ottawa, IL 61350
      View Details
    • $259,000
      1.37 Acres

      Ottawa Warehouse Buildings on 1.37 Acres

      Two warehouse buildings on 1.37 acres in Ottawa, IL.
      1015 Fosse Rd, Ottawa, IL 61350
      View Details
    • $510,000
      0.07 Acres

      Ottawa Commercial Building Investment Opportunity

      Two-story commercial building in Ottawa's historic downtown, near courthouse.
      227 W Madison St, Ottawa, IL 61350
      View Details
    • New
      $449,900
      0.30 Acres

      Downtown Ottawa Commercial Building For Sale

      Three-story commercial building in downtown Ottawa with redevelopment potential.
      814 La Salle St, Ottawa, IL 61350
      View Details
    • New
      $349,999

      Multi-Unit Investment Opportunity in Ottawa

      Multi-unit property with four units and a four-car garage.
      718 Arch St, Ottawa, IL 61350
      View Details
    • New
      $224,999
      0.19 Acres

      Updated Duplex in Ottawa, IL

      Updated duplex in Ottawa, Illinois, ideal for investors or owner-occupants.
      213 Deleon St, Ottawa, IL 61350
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7.75 acres in Ottawa I-80 commercial TIF and Enterprise zone.
    Where is this commercial land located?
    The property is located at 801 E Etna Rd Ottawa, IL.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Large combined lot size of 337,594 sq ft across two parcels.; - Prime location within the City of Ottawa I-80 commercial TIF and Ottawa Enterprise Zone.; - All utilities are installed, including city sewer, water, storm, electric, gas, and phone.
    (815) 553-2406
    Request Owner's contact information
    801 E Etna Rd Ottawa, IL 61350
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801 E Etna Rd
    Ottawa, IL 61350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    801 E Etna Rd Ottawa, IL 61350
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Richard Faltz
    Real Estate License ID: 471008936
    (815) 553-2406
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.