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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    1507 La Salle St, Ottawa, IL 61350-1911

    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-4020212
    Property summary
    AI-generated overview

    This exceptional 5,351 square foot mixed-use property at 1507 La Salle Street in Ottawa, Illinois presents a unique investment opportunity. Ideally situated minutes from Route 6 and I-80, with easy access to downtown Ottawa's vibrant restaurants and shopping, this building offers unparalleled versatility. The main level boasts a welcoming reception area and six office spaces, one highlighted by a captivating wood-rounded vault ceiling, uplighting, granite tile floors, and custom cabinetry. An original bank vault, measuring 20x11 feet, provides secure storage or a creative workspace. Further enhancing the commercial space are a spacious work/conference room, a large open computer room with patio access, a half bathroom, and ample storage. A remarkable feature is the separate residential unit accessed from the alley. This private living space includes an open-concept area with stone and wood accents, a full kitchen with laundry facilities, a comfortable bed nook, a private office, and a spiral staircase leading to a second-level private room complete with a walk-in closet. This property's blend of historic character, modern conveniences, and adaptable spaces makes it ideal for a business, a live-work arrangement, or a multi-purpose operation. The property is also available for purchase as a package with 1517 La Salle Street (MLS 12257659) for a combined price of $310,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 21-02-424-006
    UPID US28-4020212
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Frostbyte Holdings LLC · 1 yrs held
    Frostbyte Holdings LLC
    since 2025
    Last sale
    $240,000
    3 recorded transactions
    2025
    $240,000
    2021
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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