Property profile

Ottawa, IL 61350

OFF-MARKET
Land
28.39 ac lot
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Property summary

AI-generated overview

This exceptional 28.39-acre commercial land parcel presents a unique investment opportunity in Ottawa, Illinois. Strategically located south of Interstate 80, this property boasts unparalleled visibility and convenient access, ensuring high traffic exposure for any commercial development. The site is fully entitled and equipped with all necessary utilities, eliminating significant pre-development hurdles and accelerating project timelines. Zoned for commercial use ("E"), this land is ready for immediate development. Its location within a Tax Increment Financing (TIF) district and Enterprise Zone offers potential tax advantages and economic incentives, further enhancing its investment appeal. The property's APN is 14-36-351-000 and is offered as a fee simple ownership. This prime location in LaSalle County, Illinois, with its zip code 61350, presents a rare chance to capitalize on the high-traffic volume generated by the I-80 interchange. The asking price for this exceptional commercial land is $1,850,000. Don't miss this opportunity to secure a highly desirable and strategically positioned commercial property in a thriving Illinois market.

Property profile

Verified
Property type Land
Lot 28.39 ac (1,236,668 SF)

Cap rate & NOI

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

Location

Ottawa, IL 61350
Ottawa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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