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    OFF-MARKET
    Office Spaces

    3107 State Route 23, Ottawa, IL 61350

    11,000 SF 4.1 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property in Ottawa, Illinois presents a unique investment opportunity. Located at the highly visible intersection of IL Route 23 and Dayton Road, just north of I-80, this 4.1-acre lot features an existing 11,000 square foot office building. The building is currently generating rental income, providing immediate return on investment. The property's strategic location boasts significant traffic counts, with IL Route 23 seeing 4,150 average daily traffic and Dayton Road recording 1,700. This high visibility ensures maximum exposure for any business operating on the site. The property is zoned C-3, allowing for a wide range of commercial uses, offering flexibility and potential for future development. The ample vacant land provides significant expansion opportunities or the potential for additional income streams through leasing. The convenient access to Interstate 80 further enhances the property's appeal, facilitating easy commuting and transportation for both employees and customers. This combination of existing income, prime location, and development potential makes this a truly compelling investment opportunity. Don't miss the chance to acquire this well-positioned commercial property with significant upside.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1970
    Total area 11,000 SF
    Lot 4.1 ac (178,596 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
    Current use
    Occupant on record · Public records
    • Princeton District Claims Office Insurance Agency
    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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