Property profile

2001 Ottawa Ave Ottawa, IL 61350

OFF-MARKET
Commercial real estate
Property ID
US28-3531628
6,243 SF 0.16 ac lot Built 1924
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 2001 Ottawa Avenue in Ottawa, Illinois, presents a unique investment opportunity. The 6,243 square foot building boasts a spacious main level ideally suited for a variety of commercial uses. This area features a large 38x32 front room with two bathrooms, a substantial 57x41 bar and banquet room with its own bathroom, and a kitchen with direct access to the attached two-car garage. The property's previous use as a restaurant/bar highlights its suitability for similar ventures or adaptive reuse. Adding to its appeal is a three-bedroom, one-bathroom residential unit located upstairs, providing additional income potential through rental. Beyond the building itself, ample parking is available with over ten exterior spaces. A partial basement offers valuable storage and utility space. Situated in the desirable town of Naplate, this property offers a blend of commercial and residential potential in a vibrant community. The combination of a large commercial space, a separate rental unit, and abundant parking makes this an attractive investment for both established businesses and entrepreneurs seeking a versatile property. Don't miss this chance to own a piece of Ottawa's commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1924
Total area 6,243 SF
Lot 0.16 ac (6,970 SF)
APN 21-16-212-013
UPID US28-3531628

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2001 Ottawa Ave Ottawa, IL 61350-3466
Ottawa metro Census 962200 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2025
$35,000

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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