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1201-1217 Illinois Ave Ottawa, IL 61350

Sponsored
For Sale
$819,000

Seven-unit brick building, prime location. Exceptional condition.

Property size:
6,724 SF

Description

Added:
Feb 3, 2025
Days on Market:
342
This remarkable investment opportunity presents a meticulously maintained seven-unit brick building situated at the highly visible corner of Illinois Avenue and Leland Avenue in Ottawa, Illinois. The property boasts 6,724 square feet on a 0.52-acre lot and is priced at $819,000. Built with quality construction and boasting exceptional upkeep, this historic landmark offers a blend of charm and strong investment potential. The building comprises three two-bedroom units and four one-bedroom units, each featuring a dedicated covered parking space and access to additional off-street parking. Every unit provides private front and back entrances, showcasing original hardwood floors and beautiful natural woodwork. Some units retain their original vintage chandeliers, adding to the property's unique character. Residents enjoy access to a partial basement with individual storage bays and shared laundry facilities. The property benefits from a new rubber roof installed in 2017 and features a secure back courtyard equipped with dusk-to-dawn and motion-sensor lighting. Heating is provided by hot water heat. The building's long-term tenants contribute to its financial stability, making this a truly exceptional opportunity for discerning investors seeking a well-maintained, historically significant property with strong rental income.

Property Features for 1201-1217 Illinois Ave

General Information

Property type
Other commercial real estate
Square Feet
6,724 SF
Lot Size
22,651 SF

Building Details

Year Built
1966

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

Location Insight

  • Map
  • Local Demand
City
Ottawa
County
LaSalle
State
Illinois
Longitude
-88.85623
Latitude
41.34382

FAQs

What type of property is this?
Commercial real estate - Seven-unit brick building, prime location. Exceptional condition.
Where is this commercial real estate located?
The property is located at 1201-1217 Illinois Ave Ottawa, IL.
What is the asking price?
The asking price for this property is $819,000.
More about this property
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