227 W Madison StreetOttawa, IL 61350

Description

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. If interested in leasing, Owner will consider a buildout. 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!

Property Information

Property type

Commercial Sale

Sub-type

Office

Year built

1915

Building area

6,400 Sq Ft

Lot size

3,200 Sq Ft

Lot dimensions

40X80

Zoning

COMMR

Days on market

2

MLS^® Listing#

12800525

Property Features

Cooling

Central Air

Financial Details

Annual taxes

$11,528Tax year 2024

Parcel number

2111401002

Directions

Rt 23 south to Madison St west to property.