626-630 Madison St Ottawa, IL 61350

This exceptional 6,288 square foot mixed-use building at 626-630 W Madison Street in Ottawa, IL, presents a lucrative investment opportunity. The property boasts seven units: two 1,250 square foot retail spaces, three two-bedroom apartments, and two one-bedroom apartments. All apartments are larger than average, with unit #5 offering a unique private yard and entry. A detached four-stall garage, totaling 1,000 square feet, adds further value. The property benefits from significant recent improvements, including a new roof installed in 2018 and two units remodeled within the last two years. The City of Ottawa has already pre-approved conversion of the retail spaces into residential units, offering substantial potential for increased rental income. Located in a thriving river town with considerable growth, including new housing, shopping, dining, and marinas, this property is within walking distance of downtown Ottawa and enjoys convenient access to I-80 and I-39/51. Landlord pays water and sewer. Financial details, including the current rent roll, are available upon request. The property is offered as-is. Please do not disturb tenants.