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    OFF-MARKET
    Retail properties & Spaces

    630 Madison St, Ottawa, IL 61350

    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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