Property profile

112 Madison St Ottawa, IL 61350

OFF-MARKET
Commercial land
Property ID
US28-4003481
0.11 ac lot
Entity Owned 1-yr Hold Free & Clear
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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

Location

112 Madison St Ottawa, IL 61350-5006
Ottawa metro Census 962700 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$12,500
3 recorded transactions
2025
$12,500
2017
$35,000
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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