630 Madison St, Ottawa, IL 61350
This 1250-square-foot retail space at 630 W Madison St, Ottawa, IL 61350, is immediately available for lease. The single-tenant space boasts newer vinyl flooring and a functional layout including a reception area, open concept main space, a private room or storage area, and a bathroom. The property is situated in a vibrant downtown area experiencing significant revitalization, with numerous new restaurants, boutiques, and other businesses. Its corner location offers excellent visibility. The space is adjacent to another 1250-square-foot retail space (available for lease separately at $700/month) and apartments above, creating a synergistic environment. A 1000-square-foot, four-car garage in the rear is also available for lease at $300/month, offering potential for additional storage or operational space. This turnkey opportunity allows for customization to suit a variety of business needs. Easy to tour. The property is located at 41.3469195, -88.8500351.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.