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    Property profile & analytics
    OFF-MARKET
    Commercial land

    112 Madison St, Ottawa, IL 61350-5006

    0.11 ac lot
    Entity Owned Free & Clear
    Property ID
    US28-4003481
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 112 W Madison Street, Ottawa, IL, presents a compelling redevelopment opportunity in a thriving downtown area. Located adjacent to the historic LaSalle County Courthouse, this site benefits from its central location within walking distance of the Fox and Illinois Rivers. The property is surrounded by a bustling mix of restaurants, unique retail shops, entertainment venues, and professional offices, creating a vibrant and dynamic environment. Ottawa's strong community spirit is evident in its year-round festivals and active lifestyle, enhanced by nearby boating opportunities and proximity to Starved Rock State Park. Residents and visitors enjoy extensive walkability, access to bike trails including the I&M Canal trail, and the renowned Washington Square Park, historically significant as the site of the first Lincoln-Douglas senatorial debate. The property's convenient location just off I-80 provides easy access to major transportation routes, including a 90-minute drive to downtown Chicago and O'Hare and Midway International Airports. This location offers the best of both worlds – a thriving small-town atmosphere with easy access to a major metropolitan area. The property is being sold "as is," presenting a unique chance to shape the future of this dynamic downtown location. The 0-acre lot offers significant potential for a variety of development projects. The property's size is not specified, presenting an opportunity for buyers to assess the potential based on their specific development plans.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.11 ac (4,792 SF)
    APN 21-11-247-020
    UPID US28-4003481
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Newera LLC
    Newera LLC
    since 2025
    Last sale
    $12,500
    3 recorded transactions
    2025
    $12,500
    2017
    $35,000
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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