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    2001 Ottawa Ave Ottawa, IL 61350

    Sponsored
    For Sale
    $99,900

    Versatile 6,243 sq ft building, great income potential.

    Property size:
    6,243 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional commercial property, located at 2001 Ottawa Avenue in Ottawa, Illinois, presents a unique investment opportunity. The 6,243 square foot building boasts a spacious main level ideally suited for a variety of commercial uses. This area features a large 38x32 front room with two bathrooms, a substantial 57x41 bar and banquet room with its own bathroom, and a kitchen with direct access to the attached two-car garage. The property's previous use as a restaurant/bar highlights its suitability for similar ventures or adaptive reuse. Adding to its appeal is a three-bedroom, one-bathroom residential unit located upstairs, providing additional income potential through rental. Beyond the building itself, ample parking is available with over ten exterior spaces. A partial basement offers valuable storage and utility space. Situated in the desirable town of Naplate, this property offers a blend of commercial and residential potential in a vibrant community. The combination of a large commercial space, a separate rental unit, and abundant parking makes this an attractive investment for both established businesses and entrepreneurs seeking a versatile property. Don't miss this chance to own a piece of Ottawa's commercial landscape.

    Property Features for 2001 Ottawa Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,243 SF

    Building Details

    Year Built
    1924
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.87769
    Latitude
    41.33363

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 6,243 sq ft building, great income potential.
    Where is this commercial real estate located?
    The property is located at 2001 Ottawa Ave Ottawa, IL.
    What is the asking price?
    The asking price for this property is $99,900.
    (815) 433-5501
    Request Owner's contact information
    2001 Ottawa 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
    2001 Ottawa Ave Ottawa, IL 61350
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