2026 3372nd Rd Ottawa, IL 61350-9060

Property Details for 2026 3372nd Rd

Lot size

0.90 lot acres

Property type

Commercial land

APN

15-16-200-001

APU

1516200001

Description

This exceptional investment opportunity presents a rare chance to acquire a unique multi-use property situated on the banks of the Fox River in Ottawa, Illinois. The property boasts a rich history, originally constructed as a hotel in 1920 with a church addition in 1941. The hotel portion has been thoughtfully converted into an 18-unit apartment complex, offering a diverse mix of two, three, and five-bedroom units. Each apartment features unusually spacious floor plans, in-unit laundry facilities (washers and dryers), and abundant natural light thanks to numerous windows. Individual utility metering simplifies management and cost allocation. The property sits on a sizable 4.75-acre lot, providing ample space and potential for future development. In addition to the apartment complex, a beautiful church space is currently available for lease. This stunning sanctuary features approximately 2,500 square feet on the main level and an additional 500 square feet on a balcony, complemented by vaulted ceilings and exquisite stained-glass windows. Two separate restrooms are also included. The current lease on the church space expires April 1, 2025, but early termination may be possible with adequate notice. The total building size is 25,002 square feet. The asking price for this remarkable property is $2,100,000. This is a truly unique opportunity to own a piece of Ottawa's history and capitalize on a strong rental income stream.