Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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