801 Etna Rd Ottawa, IL 61350
- Land
Current Use by Public Records
- Heritage Woods of Ottawa / Assisted Living Facility
Property Details for 801 Etna Rd
- Property type
- Land
Description
This exceptional 337,594 square foot site presents a unique multifamily development opportunity in Ottawa, Illinois. Comprising two parcels, it offers significant potential for a substantial project. Parcel 1, spanning 107,047 square feet, is zoned C - Business. Parcel 2, encompassing 230,547 square feet, is zoned A-2 (allowing single-family or duplex dwellings) and B (allowing single-family, duplex, and multifamily structures). The property boasts complete annexation and zoning approvals within the City of Ottawa, eliminating significant pre-development hurdles. All essential utilities—sewer, water, storm drainage, electricity, gas, and phone lines—are already installed on-site, along with some sidewalks. Its advantageous location offers convenient access to the City of Ottawa Park. Furthermore, this prime parcel benefits from its position within the I-80 commercial Tax Increment Financing (TIF) district and the Ottawa Enterprise Zone, potentially unlocking attractive financial incentives for developers. This is a rare opportunity to acquire a fully prepared site ready for immediate development in a market with strong demand for multifamily housing. The asking price for this exceptional property is $875,000.
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
- La Salle
- State
- Illinois
- Longitude
- -88.8192
- Latitude
- 41.3733
