227 W Madison Street , Ottawa, IL 61350

$499,900
  • 227 W Madison Street , Ottawa, IL 61350 Main Photo

13 Photos

New to the Market New
SQUARE FEET6,400 MLS#12800525
STATUSNew PROPERTY TYPECommercial - Office

Property 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!

227 W Madison Street | MLS# 12800525

This commercial property located at 227 W Madison Street , Ottawa, IL 61350 is currently listed for sale with an asking price of $499,900. Search Ottawa real estate on www.gogambino.com today.

Property Features

Property Type: Commercial - Office
Cooling: Central Air
Lot Size: 0.07 Acres
Stories: 2.0
Taxes: $11,528
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

Listed By / Shown By

Listed By

Agency Name: Spring Realty
Agency Phone: 815-741-7000

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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