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801 Etna Rd Ottawa, IL 61350

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For Sale
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Multifamily development land, utilities available.

Property Features for 801 Etna Rd

General Information

Property type
Land

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Listing Contact
Richard Faltz
Richard Faltz

Listing Agent: Richard Faltz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 337,594 square foot site presents a unique multifamily development opportunity in Ottawa, Illinois. Comprising two parcels, it offers significant potential for a substantial project. Parcel 1, spanning 107,047 square feet, is zoned C - Business. Parcel 2, encompassing 230,547 square feet, is zoned A-2 (allowing single-family or duplex dwellings) and B (allowing single-family, duplex, and multifamily structures). The property boasts complete annexation and zoning approvals within the City of Ottawa, eliminating significant pre-development hurdles. All essential utilities—sewer, water, storm drainage, electricity, gas, and phone lines—are already installed on-site, along with some sidewalks. Its advantageous location offers convenient access to the City of Ottawa Park. Furthermore, this prime parcel benefits from its position within the I-80 commercial Tax Increment Financing (TIF) district and the Ottawa Enterprise Zone, potentially unlocking attractive financial incentives for developers. This is a rare opportunity to acquire a fully prepared site ready for immediate development in a market with strong demand for multifamily housing. The asking price for this exceptional property is $875,000.
Property Profile Location Intelligence

Current Use by Public Records

Heritage Woods of Ottawa Nursing Home

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Ottawa
County
La Salle
State
Illinois
Longitude
-88.819212
Latitude
41.3732835

FAQs

What type of property is this?
Land - Multifamily development land, utilities available.
Where is this land located?
The property is located at 801 Etna Rd Ottawa, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: $875,000 asking price for 337,594 square feet of land.; Located in Ottawa, IL, at 801 E Etna Road, 61350.; Zoned for multifamily development; annexation and zoning complete.
(630) 740-7198 Call to check price and availability
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