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Medical Office Building with Apartment
New
For Sale
$349,000

645 W Main Street, Ottawa, IL 61350

Flexible two-level layout includes exam rooms, private offices, and an upper-level apartment.

Property Size5,184 SF
Days on Market7

Property Features for 645 W Main Street

General Information

Standard status Active
Size 5,184 SF
Total Parking Spaces 10
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $12,800

Building Details

Building Size 5,184 SF
Year Built 1925
Buildings 1
Stories 2
Units 2
Listing Agency: Coldwell Banker Real Estate Group
Listed By: George Shanley · License #475092481
Source: Perillorealestategroup
Added: Aug 13 Changed: Aug 17 Last Checked: Aug 17 at 9:58PM

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 Real Estate Group

Investment Insights

Based on property information with market context.

This two-level medical office property provides over 5,000 square feet of space with a range of existing office and clinical features. The main floor includes a reception and waiting area, 5+ exam rooms, private offices, a conference room, kitchenette, three half bathrooms, utility rooms, and additional storage. The upper level contains a 2-bedroom apartment with a full bathroom. Two HVAC systems, two water heaters, and ample built-in storage support the property’s existing configuration.

Approximately 10 on-site parking spaces serve the building. The property is located at 645 W Main Street in Ottawa, two blocks from the Illinois River and a few short blocks from downtown shopping and restaurants. Built in 1925, the building offers an established layout for medical or professional office use, with an apartment component already in place.

Key Highlights

  • Over 5,000 square feet across two levels
  • Main floor includes 5+ exam rooms, private offices, conference room, and reception area
  • Upper level features a 2‑bedroom apartment with a full bathroom

Property Analytics

Current Use

Ottawa Osteopathic Physicians Pediatrician Dr. Terry W. ... Pediatrician Dr. Terry Love Pediatrician

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service (Bike/Boat/Book/etc) Store Garden Center Storage Facility Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

891
Businesses Nearby
Under-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Medical Office Space - Flexible two-level layout includes exam rooms, private offices, and an upper-level apartment.
Where is this medical office space located?
The property is located at 645 W Main Street Ottawa, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Over 5,000 square feet across two levels; Main floor includes 5+ exam rooms, private offices, conference room, and reception area; Upper level features a 2‑bedroom apartment with a full bathroom
More about this property
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