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    Ottawa IL 61350 Stevenson & Mbl Dr Ottawa, IL 61350

    Sponsored
    For Sale
    $399,000

    10.05 acres, I-80 access, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.05-acre commercial and industrial land parcel presents a remarkable development opportunity in Ottawa, Illinois. Strategically located in the North TIF District and Enterprise Zone, this property enjoys convenient access to the I-80/Rt 23 interchange, offering unparalleled connectivity. Currently used for farming, the land is zoned for Light Industrial, Office, and Research uses (D Zoning), with Commercial zoning (C Zoning) also permitted. The property's prime location near major transportation routes makes it ideal for a variety of commercial and industrial ventures. Furthermore, the possibility of securing federal grants for manufacturing projects adds significant value. The parcel's APN is 14-36-143-000. This is a rare chance to acquire a substantial tract of land in a thriving area with excellent infrastructure and potential for significant returns. The property is situated at the Northwest corner of East Stevenson and Mable Drive, Ottawa, IL 61350 (LaSalle County, zip code 61350). Note that an additional 9.68-acre parcel is also available separately on Stevenson Road.

    Property Features for Ottawa IL 61350 Stevenson & Mbl Dr

    General Information

    Property type
    Land
    Lot Size
    437,778 SF

    HighLights

    • Excellent development opportunity near the Rt 23/I‑80 interchange in Ottawa.
    • High‑traffic location with excellent visibility.
    • Prime location for retail, commercial, or mixed‑use development.
    • Zoned for commercial development.
    • Utilities readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.830376103464
    Latitude
    41.379416478228

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    FAQs

    What type of property is this?
    Land - 10.05 acres, I-80 access, development ready.
    Where is this land located?
    The property is located at Ottawa IL 61350 Stevenson & Mbl Dr 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: Excellent development opportunity near the Rt 23/I-80 interchange in Ottawa.; High-traffic location with excellent visibility.; Prime location for retail, commercial, or mixed-use development.
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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
    Ottawa IL 61350 Stevenson & Mbl Dr Ottawa, IL 61350
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