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626-630 W Madison Street
Ottawa IL 61350 US

$300,000

Active Listing ID 12014839
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Mixed Use

$300,000

Active Listing ID 12014839
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626-630 W Madison Street Proud to announce this 7 unit mixed use building is available immediately for sale in Ottawa, IL. Features two retail spaces 1250sf each, three two-bedroom apartments, two one-bedroom apartments, and a 4 stall detached garage 1000sf. All of the apartments are larger than average. One of the apartments #5 features a private yard and entry. City of Ottawa has already pre-approved converting the two retail spaces into residential units so that has huge value add potential for the rent roll. Market rent for 1br is $800, market rent for 2br is $1000. The city of Ottawa is on I-80 and not far from I-39/51. Ottawa is a river town with considerable growth: new rooftops, shopping, many dining options, shops, two marinas. Subject property is walking distance to downtown. Roof 2018. Other recent improvements. Two units remodeled in the last couple years. Landlord pays water/sewer. Inquire for rent roll. No showings of occupied units until executed contract so as not to disturb the tenants. DO NOT DISTURB TENANTS - ALL QUESTIONS GO TO THE LIST BROKER. Broker Owned. Offered As-Is.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Mixed Use

Property

  • propertytype: Commercial Sale
  • propertysubtype: Mixed Use
  • listprice: 300000
  • unparsedaddress: 626-630 W Madison Street
  • postalcity: Ottawa
  • stateorprovince: IL
  • country: US
  • postalcode: 61350
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 6288
  • livingareaunits: Square Feet
  • listagentfullname: Franklin Peterson
  • listagentemail: frank@frankpetersonbroker.com
  • listagentkey: 3yd-MREDIL-266364
  • listagentmlsid: 266364
  • listagentpreferredphone: 6307887273
  • listagentofficephone: 6307887273
  • listofficekey: 3yd-MREDIL-26507
  • listagentstatelicense: 471021741
  • listofficemlsid: 26507
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1866
  • listingcontractdate: 2024-03-27
  • listagenturl: https://www.oneilpropertygroup.com
  • countyorparish: LaSalle
  • parcelnumber: 2111144018
  • numberofunitstotal: 7
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"O'Neil Property Group, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"kealan@oneilpropertygroup.com", "ListBrokerageCity":"Yorkville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"kealan@oneilpropertygroup.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"O'Neil Property Group, LLC", "ListBrokeragePhone":"630-788-7273", "ListBrokeragePostalCode":"60560", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"135 E Van Emmon St.", "ListBrokerageWebsiteUrl":"https://www.oneilpropertygroup.com", "ListOfficeAddress1":"201 E. Veterans Parkway", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"239979", "ListOfficeCity":"Yorkville", "ListOfficeCountry":"US", "ListOfficeEmail":"kdo1019@gmail.com", "ListOfficePostalCode":"60560", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Mixed Use - Ottawa, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12014839/?channel=rexren", "MLSModificationTimestamp":"2024-09-11T01:06:03Z", "Neighborhoods":[{"Description":null, "Name":"Danway / Dayton / Naplate / Ottawa / Prairie Center"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4263, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/14/2024 12:13:25 AM GMT
Source Updated Date: 12/26/2024 6:52:58 AM GMT

Courtesy of: Franklin Peterson, O'Neil Property Group, LLC, frank@frankpetersonbroker.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.