Building Details

Building Size 6,130 SF

Year Built 1987

Stories 1

Tenancy Multi

Listing Agency: GenStone Realty Show Phone

Listed By: George & Maribel Medina · License #471005598 Show Phone

Source: Gmsrealtygroup

Added: Oct 20 Changed: Oct 28 Last Checked: Oct 28 at 3:26PM

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Investment Insights

Based on property information with market context.

This shopping center contains four units across 6,130 square feet, with a full basement providing additional space. The building dates to 1987, and the parking lot has been resurfaced. The site occupies approximately 1.88 acres and includes dimensions of 227.05 by 283 feet.

The property is at 410 E Stevenson Road in Ottawa, Illinois, with access connections to Interstate 80 and IL-23. Its zoning is identified as OFFIC.

Key Highlights

• Four commercial units in a 6,130‑square‑foot shopping center
• Approximately 1.88‑acre site
• Full basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,611

Cap Rate

7.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,112,220 $1.1M

Cap Rate 7%

$794,443 $794.4K

Cap Rate 9%

$617,900 $617.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,130 SF

Gross rent

$88.3K $14.40/SF

− Vacancy

−$8.8K −$1.44/SF

EGI

$79.4K $12.96/SF

− OpEx

−$23.8K −$3.89/SF

NOI

$55.6K $9.07/SF

Area

LaSalle, IL La Salle County, LA

Vacancy

10.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,112,220

Cap Rate 7%

$794,443

Cap Rate 9%

$617,900

Alternative Uses

Best Use

Retail

$794.4K

$695.1K – $926.9K (±1% cap)

NOI $55,611 @ 7.0% cap · market cap 7.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,398 @ 7.0% cap · market cap 14.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

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

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

343

Businesses Nearby

Well-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

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Frequently Asked Questions

What type of property is this?

Shopping center - A full basement supplements the property’s four commercial units with additional interior space.

Where is this shopping center located?

The property is located at 410 E Stevenson Road Ottawa, IL.

What is the asking price?

The asking price for this property is $724,999.

What are key features of this property?

This property features: Four commercial units in a 6,130‑square‑foot shopping center; Approximately 1.88‑acre site; Full basement