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    61350 Usa Ottawa, IL 61350

    Sponsored
    For Sale
    $399,000

    9.68 Acres, Zoned D, $399,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.68-acre parcel presents a unique investment opportunity in Ottawa, Illinois. Strategically located in the North TIF District and Enterprise Zone, this property offers significant advantages for developers and businesses. The land is zoned D, permitting office, research, and light industrial uses, with commercial zoning (C) also allowed. Its proximity to the I-80/Rt 23 interchange ensures excellent accessibility and visibility. Currently used for farming, this expansive lot is ready for development. The property's location within the Enterprise Zone may qualify for federal grants, particularly beneficial for manufacturing projects. The parcel's APN is 14-36-147-000. The address is SWC E Stevenson & Burmac Rd, Ottawa, IL 61350. Note that an additional 10.05-acre parcel on Stevenson Road is also available for purchase separately. This prime location, combined with flexible zoning and potential grant opportunities, makes this a compelling investment prospect for a wide range of commercial and industrial ventures. The asking price for this 9.68-acre lot is $399,000. This property offers significant potential for growth and return on investment.

    Property Features for 61350 Usa

    General Information

    Property type
    Land
    Lot Size
    421,661 SF

    HighLights

    • $399,000 asking price.
    • 9.68‑acre commercial/industrial land parcel.
    • Located in Ottawa, IL's North TIF District and Enterprise Zone.
    • Zoned D (Office, Research & Light Industrial); C (Commercial) also permitted.
    • Excellent I‑80/Rt 23 interchange access.
    • Adjacent 10.05‑acre parcel also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.830843523772
    Latitude
    41.379407832707

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    FAQs

    What type of property is this?
    Land - 9.68 Acres, Zoned D, $399,000
    Where is this land located?
    The property is located at 61350 Usa Ottawa, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; 9.68-acre commercial/industrial land parcel.; Located in Ottawa, IL's North TIF District and Enterprise Zone.
    Request Owner's contact information
    61350 Usa Ottawa, IL 61350
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    Realmo Value Estimation

    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.

    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.

    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
    61350 Usa Ottawa, IL 61350
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