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112 Madison St Ottawa, IL 61350

For Sale
$200,000

Prime redevelopment opportunity in vibrant Ottawa, IL.

Description

Added:
Feb 3, 2025
Days on Market:
309
This exceptional mixed-use property at 112 W Madison Street, Ottawa, IL, presents a compelling redevelopment opportunity in a thriving downtown area. Located adjacent to the historic LaSalle County Courthouse, this site benefits from its central location within walking distance of the Fox and Illinois Rivers. The property is surrounded by a bustling mix of restaurants, unique retail shops, entertainment venues, and professional offices, creating a vibrant and dynamic environment. Ottawa's strong community spirit is evident in its year-round festivals and active lifestyle, enhanced by nearby boating opportunities and proximity to Starved Rock State Park. Residents and visitors enjoy extensive walkability, access to bike trails including the I&M Canal trail, and the renowned Washington Square Park, historically significant as the site of the first Lincoln-Douglas senatorial debate. The property's convenient location just off I-80 provides easy access to major transportation routes, including a 90-minute drive to downtown Chicago and O'Hare and Midway International Airports. This location offers the best of both worlds – a thriving small-town atmosphere with easy access to a major metropolitan area. The property is being sold "as is," presenting a unique chance to shape the future of this dynamic downtown location. The 0-acre lot offers significant potential for a variety of development projects. The property's size is not specified, presenting an opportunity for buyers to assess the potential based on their specific development plans.

Property Features for 112 Madison St

General Information

Property type
Mixed-use properties

Building Details

Year Built
1900

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Ottawa
County
LaSalle
State
Illinois
Longitude
-88.84182
Latitude
41.3471

FAQs

What type of property is this?
Mixed-use property - Prime redevelopment opportunity in vibrant Ottawa, IL.
Where is this mixed-use property located?
The property is located at 112 Madison St Ottawa, IL.
What is the asking price?
The asking price for this property is $200,000.
More about this property
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