Listing Agency: AQRE Advisors Show Phone

Listed By: Kyle Simon · License #6501390806

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 11:59PM

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Investment Insights

Based on property information with market context.

South Towne Center is a shopping center located at 1550–1590 1st Ave in Ottawa, Illinois. The property is classified as commercial real estate and is offered for sale as a retail-oriented center.

Key Highlights

• Shopping center at 1550–1590 1st Ave, Ottawa, IL 61350
• Classified within the shopping centers and retail property categories

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

187

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 61350, IL

23,997

Population

10,853

Households

2.2

Avg Household Size

43

Median Age

22%

College-Educated

93%

High-School Grad

152.5 sq mi

ZIP Area

157

Density / Sq Mi

$77,562

Median Household Income

$43,042

Median Earnings

$940

Median Rent

$157,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Commercial property positioned in Ottawa, Illinois, along 1st Ave.

Where is this shopping center located?

The property is located at 1550-1590 1st Ave Ottawa, IL.

What are key features of this property?

This property features: Shopping center at 1550–1590 1st Ave, Ottawa, IL 61350; Classified within the shopping centers and retail property categories