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Property profile

3107 State Route 23 Ottawa, IL 61350

OFF-MARKET
Office Spaces
11,000 SF 4.1 ac lot Built 1970
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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

Current use

Occupant on record · Public records
  • Insurance Agency

Location

3107 State Route 23 Ottawa, IL 61350
Ottawa metro
Google Maps

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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