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    Property profile & analytics

    1St Ave Ottawa, IL 61350

    • Land
    • 2.33 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 1St Ave

    Lot size
    2.33 lot acres
    Property type
    Land

    Description

    This exceptional 2.33-acre commercial land parcel presents a unique investment opportunity in Ottawa, Illinois. Strategically located across from a Kroger grocery store and boasting approximately 564 feet of frontage on Route 23, this rectangular lot offers high visibility and excellent access. The property is zoned C-3, allowing for a variety of commercial uses, subject to local ordinances. Utilities are anticipated to be readily available in the immediate vicinity. The asking price for this highly desirable commercial land is $75,000. Its prime location and substantial road frontage make it ideal for a wide range of businesses seeking high traffic exposure. The address is 1st Ave, Ottawa, IL 61350, within LaSalle County. This is a rare opportunity to acquire a well-situated commercial property in a thriving area. Don't miss out on this chance to secure a valuable asset with significant development potential. Serious inquiries only.

    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
    -88.837
    Latitude
    41.3231

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      801 Etna Rd

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      View Details

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    Similar Nearby for Lease

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    1St Ave
    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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