Property profile

3401 Ottawa Il 61350 Ottawa, IL 61350

OFF-MARKET
Specialty properties
17.44 ac lot
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Property summary

AI-generated overview

This exceptional 17.44-acre property in Ottawa, Illinois, presents a unique investment opportunity. Located conveniently near I-80 and Route 23, this picturesque estate features two main buildings: a 15,339 square foot main pavilion and a 4,773 square foot "Beach House" overlooking Pitstick Lake. The main pavilion boasts two large banquet rooms, each with its own bar area and shared restrooms, plus a shared kitchen. The Beach House offers breathtaking lake views, a large reception room with a bar and kitchen, and separate his and hers restrooms. A finished 2,568 square foot lower level in the Beach House provides additional space. A third, 1,618 square foot structure is available for conversion. The property also includes a beautiful beach, a creek, mature trees, and ample parking for 207 vehicles across four parcels. This versatile property is ideal for various ventures, including wedding venues, conference centers, or even residential development. The asking price is $890,000. This iconic landmark in Starved Rock Country offers a chance to own a piece of Illinois history.

Property profile

Verified
Property type Specialty properties
Lot 17.44 ac (759,686 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3401 Ottawa Il 61350 Ottawa, IL 61350
Ottawa metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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