0 1St Ave Ottawa, IL 61350

OFF-MARKET

Land

2.33 ac lot

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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.

Property type Land

Lot 2.33 ac (101,495 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

1St Ave Ottawa, IL 61350

Ottawa metro

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6 recent transactions · within 1.5 mi

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