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    OFF-MARKET
    Specialty properties

    3401 Ottawa Il 61350, Ottawa, IL 61350

    17.44 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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