Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4104 Veterans Dr Ottawa, IL 61350

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with customizable space in a high-traffic Ottawa location.

    Property size:
    10,409 SF

    Property Features for 4104 Veterans Dr

    General Information

    Standard status
    Active
    Size
    10,409 SF

    Building Details

    Year built
    2016

    We can help!

    Listing Contact
    Gentry Nordstrom
    Source: Exitrealty

    Listing Agency: TCG Realty Listing Agent: Gentry Nordstrom

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land in High-Traffic Location

    This commercial land offers build-to-suit opportunities in Ottawa. The available space ranges from 2,000 to 4,000 square feet and can be customized. The property is located on the corner of W Stevenson Road and Veterans Drive, directly across from the Walmart complex. This location benefits from high traffic and visual appeal. The flexible layout is suitable for various businesses. The property size is 10,409 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.8687
    Latitude
    41.4349

    Nearby Similar for Sale

    • $510,000
      6,400 SF

      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
    • $645,000
      5,595 SF

      Versatile Commercial Facility in Ottawa

      Adaptable commercial facility suitable for various business applications.
      441 E Stevenson Ave, Ottawa, IL 61350
      View Details
    • New
      $474,900
      5,400 SF

      Former Montgomery Ward Building

      Four-level commercial building in Ottawa, Illinois with redevelopment potential.
      800 La Salle St, Ottawa, IL 61350
      View Details
    • New
      $320,000
      1,850 SF

      New Duplex Near Downtown Ottawa

      New duplex near downtown Ottawa and Starved Rock State Park.
      201 24Th 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
    • $399,927
      0.16 Acres

      Established Restaurant in Ottawa, IL

      Long-standing restaurant opportunity in Ottawa, operating for over 75 years.
      323 Railroad Ave, Ottawa, IL 61350
      View Details
    • $795,000
      3.23 Acres

      New Multifamily Investment Opportunity

      Four units built in 2023, fully occupied, near downtown Ottawa.
      201 s 24Th Ave, Ottawa, IL 61350
      View Details
    • $395,000
      0.32 Acres

      Ottawa Multifamily Investment Opportunity

      Four-unit multifamily property with potential for a fifth unit.
      621 Chapel St, Ottawa, IL 61350
      View Details
    • New
      $175,000
      2,680 SF

      Ottawa Duplex: Investment Opportunity

      Two-unit duplex near downtown Ottawa with long-term tenants.
      718 W Jackson St, Ottawa, IL 61350
      View Details
    • $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
      $179,000
      0.30 Acres

      Ottawa, IL Multi-Unit Building

      Three-unit apartment building in Ottawa, IL, with investment potential.
      1248 Ottawa Ave, Ottawa, IL 61350
      View Details
    • New
      $194,428

      Turn-Key Ottawa Income Property

      Fully leased duplex generating immediate cash flow in Ottawa, IL.
      702 E Joliet St, Ottawa, IL 61350
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with customizable space in a high-traffic Ottawa location.
    Where is this commercial land located?
    The property is located at 4104 Veterans Dr Ottawa, IL.
    What are key features of this property?
    This property features: - High-traffic location at the corner of W Stevenson Road and Veterans Drive.; - Customizable space ranging from 2,000 to 4,000 square feet.; - Directly across the street from the Walmart complex.
    (815) 433-4030
    Request Owner's contact information
    4104 Veterans Dr 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.
    4104 Veterans Dr
    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
    4104 Veterans Dr 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
    Gentry Nordstrom
    Real Estate License ID: 471020495
    (815) 433-4030
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!