Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Development Land Near Walmart Title is generated by Realmo AI

    333 W Stevenson Rd OUTLOTS, Ottawa, IL 61350

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land for ground lease near Walmart and I-80.

    Type:Land | Retail Development
    Property size:
    12,000 SF
    Lot size:
    1.28 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 6 at 12:18 am

    Property Features for 333 W Stevenson Rd OUTLOTS

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    1.28 Acres
    Property subtype
    Land | Retail Development

    Spaces For Lease

    at 333 W Stevenson Rd OUTLOTS Contact us

    We can help!

    Listing Contact
    Joe Grody
    Joe Grody

    Listing agent Joe Grody License ##471005909

    Listing office SVN | Chicago - Corporate

    Listing date Mar 5, 2026

    Source Svn

    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 SVN | Chicago - Corporate

    HighLights

    • Shadow‑anchored by Walmart Supercenter, driving significant customer traffic
    • Prime location directly off I‑80 at Exit 90, providing excellent accessibility
    • Three sites available for ground lease and retail development
    • Highway pylon signage available on I‑80, maximizing visibility
    • Located in Ottawa Centre, a well‑established retail destination
    • Join established retailers such as Rosati's Pizza, AT&T, and Cato Fashions

    Overview

    Located directly off I-80 in LaSalle County, Ottawa Centre offers leasing opportunities shadow-anchored by Walmart Supercenter. Two outlots, each 1.28 acres, front Walmart, and one 12,000-square-foot pad site adjacent to Goodwill are available for ground lease and are ready for retail development. The property benefits from high visibility and ample parking. The exterior is well-maintained with professional landscaping, enhancing its appeal. Highway pylon signage is available on I-80. Current tenants include Rosati's Pizza, AT&T, Cato Fashions, Shoe Dept., Sally Beauty, and Maurices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GameStop Arcade & Gaming Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.8405
    Latitude
    41.3793

    Nearby Similar for Lease

    • $15 SF/Yr
      51,446 SF

      Retail Space Near Walmart Supercenter

      Retail leasing opportunity with high visibility near I-80.
      333 W Stevenson Rd, Ottawa, IL 61350
      View Details
    • Contact for pricing
      12,000 SF

      Retail Development Land Near Walmart

      Outlots and pad site available for ground lease near I-80.
      333 W Stevenson Rd OUTLOTS, Ottawa, IL 61350
      View Details
    • Contact for pricing
      12,000 SF

      Ottawa Retail Development Opportunity

      Outlots and pad site available for ground lease near Walmart.
      333 W Stevenson Rd OUTLOTS, Ottawa, IL 61350
      View Details
    • $15 SF/Yr
      2,400 SF

      Retail Space Near Walmart Supercenter

      Retail spaces available near I-80 and Walmart Supercenter.
      4030-4036 Veterans Dr, Ottawa, IL
      View Details
    • $15 SF/Yr
      1,500 SF

      Retail Space Near Walmart Supercenter

      Retail spaces available near I-80 and Walmart Supercenter.
      4036 Veterans Dr, Ottawa, IL
      View Details
    • $7 SF/Yr
      7,200 SF

      Industrial Space with Concrete Pavement

      Industrial property featuring concrete pavement, roll-up doors, and fenced yard.
      200 W Stevenson Rd, Ottawa, IL
      View Details
    • Contact for pricing

      Ottawa Commercial Space For Rent

      Commercial flex space available for rent in Ottawa, Illinois.
      1400 Columbus Street, Ottawa, IL 61350
      View Details
    • $16 SF/Yr

      Kroger-Anchored North Ottawa Plaza

      Located off I-80, newly renovated shopping center with retail spaces.
      2709 Columbus St, Ottawa, IL 61350
      View Details
    • $25 SF/Yr
      645 SF

      General Office Space Available

      645 SF office space for rent, utilities included.
      1400 Columbus St, Ottawa, IL 61350
      View Details
    • Contact for pricing

      Prime Ottawa Retail/Office Space

      High-visibility retail/office space in Ottawa's business district.
      1124 Columbus St, Ottawa, IL 61350
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land for ground lease near Walmart and I-80.
    Where is this commercial land located?
    The property is located at 333 W Stevenson Rd OUTLOTS Ottawa, IL.
    What are key features of this property?
    This property features: Shadow‑anchored by Walmart Supercenter, driving significant customer traffic; Prime location directly off I‑80 at Exit 90, providing excellent accessibility; Three sites available for ground lease and retail development
    (312) 348-1000
    We can help!
    Listing Contact
    Joe Grody
    Joe Grody
    Real Estate License ID: #471005909
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    333 W Stevenson Rd OUTLOTS, Ottawa, IL 61350
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!