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    Property profile & analytics

    628 Madison St Ottawa, IL 61350

    • Retail properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Hairport / Barber Shop

    Property Details for 628 Madison St

    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This 1250-square-foot retail space in Ottawa, Illinois, is available for immediate lease. Located at 628 W Madison St, this single-tenant property offers an open concept layout perfect for customization. A private room/storage area and bathroom are included. The space is situated in a revitalized downtown area, adjacent to other retail businesses and apartments. Ottawa boasts a growing number of restaurants, boutiques, and other businesses, creating a vibrant atmosphere. This property presents a fantastic opportunity for entrepreneurs seeking a prime location to establish their business. The asking rent is $700 per month. An additional 1250-square-foot retail space ($700/month) and a 1000-square-foot, four-car garage ($300/month) are available for lease in the rear, offering potential for expansion or added storage. The property is easily accessible for showings. The property is located in LaSalle County, Illinois, zip code 61350.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    Lasalle
    State
    Illinois
    Longitude
    -88.85
    Latitude
    41.347

    Comparable in this City

    • Value Estimation by Request
      35,000 SF

      2709 Columbus St

      Restaurants • 35,000 SF
      2709 Columbus St, Ottawa, IL 61350
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    • Value Estimation by Request

      630 Madison St

      Office Properties & Spaces
      630 Madison St, Ottawa, IL 61350
      View Details
    • Value Estimation by Request
      6,288 SF

      626 Madison St

      Multifamily properties • 6,288 SF
      626 Madison St, Ottawa, IL 61350
      View Details
    • Value Estimation by Request
      17.44 Acres

      3401 Ottawa Il 61350

      Restaurants • 17.44 Acres
      3401 Ottawa Il 61350, Ottawa, IL 61350
      View Details
    • Value Estimation by Request
      11,000 SF

      3107 State Route 23

      Office Properties & Spaces • 11,000 SF
      3107 State Route 23, Ottawa, IL 61350
      View Details
    • Value Estimation by Request
      6,724 SF

      1201-1217 Illinois Ave

      Commercial real estate • 6,724 SF
      1201-1217 Illinois Ave, Ottawa, IL 61350
      View Details

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    628 Madison St
    Ottawa, IL 61350
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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