3107 State Route 23 Ottawa, IL 61350
- Office Properties & Spaces
- 11,000 SF
- 4.10 lot acres
Current Use by Public Records
- Princeton District Claims Office / Insurance Agency
Property Details for 3107 State Route 23
- Year built
- 1970
- Lot size
- 4.10 lot acres
- Property size
- 11,000 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ottawa
- County
- LaSalle
- State
- Illinois
- Longitude
- -88.8369
- Latitude
- 41.3841
