Property summary
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
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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