Multi-Tenant Shopping
For Sale
Contact for pricing
Pending
1550 1st Ave, Ottawa, IL 61350
Multi-tenant retail center with named occupants and a lease term extending through 2027.
Property Size106,445 SF
Lot Size9.15 Acres
Days on Market144
Property Features for 1550 1st Ave
General Information
Standard status
Pending
Size
106,445 SF
Lot size
9.15 Acres
Property subtype
Retail
Occupancy
82%
Additional Details
Anchor Co-Tenants
Lotz Logistics
Building Details
Tenancy
Multi
Listing Agency:
AQRE Advisors
(248) 921-6730
Listed By:
Kyle Simon · License #6501390806
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 11:26AM
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 AQRE Advisors
Investment Insights
Based on property information with market context.
This multi-tenant shopping center comprises approximately 106,445 SF across approximately 9.15 acres. The property is currently 82% occupied and includes a mix of commercial occupants, providing an established operating profile for the center.
Lotz Logistics serves as the anchor tenant and has executed a new 5-year lease running through 2027. Other identified occupants include the State of Illinois and Stan & Son Limited. The property offers a substantial retail-center footprint with multiple tenant spaces under a single ownership opportunity.
Lotz Logistics serves as the anchor tenant and has executed a new 5-year lease running through 2027. Other identified occupants include the State of Illinois and Stan & Son Limited. The property offers a substantial retail-center footprint with multiple tenant spaces under a single ownership opportunity.
Key Highlights
- Approximately 106,445 SF multi‑tenant shopping center
- Approximately 9.15 acres of land
- 82% occupied
Property Analytics
Current Use
Lease Details
82%
Occupancy
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with named occupants and a lease term extending through 2027.
Where is this shopping center located?
The property is located at 1550 1st Ave Ottawa, IL.
What are key features of this property?
This property features: Approximately 106,445 SF multi‑tenant shopping center; Approximately 9.15 acres of land; 82% occupied
