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227 W Madison Street Ottawa, IL 61350

$510,000
Active / MLS# 12471823 / Commercial - Office / Ottawa
0 Beds
6400 SqFt

Attention Owners/Investors, Don't miss out on this 6400 sq ft 2 story building investment opportunity in historical downtown Ottawa and located one block from the courthouse and in the Heart of Strarved Rock Country. The first floor is 3200 sq ft and is currently vacant. Offering lots of large offices, soaring ceilings, conference room, entryway for that perfect greeter. Bathrooms and kitchen all on the first floor. A little elbow grease and some cosmetic work will have potential tenants knocking down the door. The second floor is 3200 sq ft and is fully leased at. After your facelift of the first floor, the building value and income will increase. There is an elevator servicing both first and second floors. The building also has a full basement, half shared by each floor for more storage opportunity. Lower level currently available for rent. Two blocks from Illinois and Fox Rivers. This building has lots of possibilities such as office or possibly apts above a business. Come and check it out today!

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Baird & Warner Jeffrey Schwartz Email

Property Details

Property Type: Commercial - Office
Cooling: Central Air
Lot Size: 0.07 Acres
Stories: 2.0
Taxes: $11,835
Year Built: 1915

Feature Descriptions

Current Use: Office
Electric: Circuit Breakers
Fire Protection: Other
Frontage Type: City Street
HVAC: Forced Air
Location: Central Business District
Lot Dimensions: 40X80
Miscellaneous Indoor: Elevator/s Passenger, Public Restroom/s, Storage Inside, Basement
Number of Tenant(s): 2
Parcel#: 2111401002
Tenant Pays: Other
Units: 2

Location

See details and scored characteristics about this location.

Listing Office: Spring Realty

Listing Office Phone: 815-741-7000



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