3107 State Route 23, Ottawa, IL 61350
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.
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Princeton District Claims Office Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.