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227 West Madison Street Ottawa, IL 61350

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For Sale
$510,000

Two-story, 6400 SF mixed-use building in downtown Ottawa.

Property size:
3,200 SF
Added:
Jan 20, 2025
Days on Market:
451
Last Refresh:
Mar 13 at 2:54 pm

Property Features for 227 West Madison Street

General Information

Standard status
Active
Size
3,200 SF

Building Details

Year Built
1915

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Listing Contact
Ricky

Listing agent Ricky License #475127902

Listing office Coldwell Banker The Real Estate Group

Listing date Jan 20, 2025

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

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker The Real Estate Group


Overview

Historical Ottawa Mixed-Use Building

This 6400 square foot, two-story building presents an investment opportunity in historical downtown Ottawa, situated one block from the courthouse and in the heart of Starved Rock Country. The first floor, comprising 3200 square feet, is currently vacant and features large offices, soaring ceilings, a conference room, an entryway, bathrooms, and a kitchen. Cosmetic work is needed to prepare the space for potential tenants. The second floor, also 3200 square feet, is fully leased. An elevator services both floors. The building includes a full basement, with half allocated to each floor for storage. The lower level is currently available for rent. Located two blocks from the Illinois and Fox Rivers, this building offers possibilities such as office space or apartments above a business.
Location Intelligence

Current Use by Public Records

Fuller Michael W Law Firm Richard L. Burton Law Firm Burton, Fuller & Associates, ... Law Firm Shannan Hermann Physician Eric Denny Physician

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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  • Local Demand
City
Ottawa
County
LaSalle
State
Illinois
Longitude
-88.84307
Latitude
41.346777

FAQs

What type of property is this?
Office building - Two-story, 6400 SF mixed-use building in downtown Ottawa.
Where is this office building located?
The property is located at 227 West Madison Street Ottawa, IL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 6400 sq ft 2‑story building in historical downtown Ottawa.; Located one block from the courthouse and in the Heart of Starved Rock Country.; First floor (3200 sq ft) is vacant and ready for customization with large offices, conference room, bathrooms and kitchen.
More about this property
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