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Property Description
Exceptional opportunity to acquire a 16-unit portfolio comprised of four newer four-unit buildings, each situated on its own separate lot and PIN within Heritage Harbor in Ottawa, Illinois. Built in 2023, these properties offer modern construction with durable, low-maintenance materials designed for efficient ownership and long-term performance. All units are fully furnished and turnkey, with each unit individually metered for utilities-supporting clean operations and flexible rental management. The buildings are well-positioned to serve a range of rental uses, including short-term vacation stays, weekend getaways, group accommodations, corporate housing, and longer-term tenancy. Thoughtful design elements such as inviting front porches and convenient rear parking enhance the overall guest and resident experience, while two of the buildings capture attractive water and sunset views. Located within Heritage Harbor, a growing marina resort community along the Illinois River, the portfolio benefits from a setting designed around lifestyle and recreation. Owners and guests enjoy access to amenities including a pool, fire pits, activity cabins, open green space, marina access, boat rentals, and on-site dining and entertainment. Ongoing investment and expansion within the resort continue to increase visibility, traffic, and overall appeal. On-site management through Harbor Inn supports consistent operations, while The Vue, a new 250-person event venue opening Fall 2026, reflects continued investment in the growth and evolution of the community. Beyond the resort itself, the property is positioned within the Starved Rock region-one of Illinois' most visited outdoor destinations. Located approximately 90 minutes from Chicago, the area draws consistent tourism with four state parks within a 15-minute drive, including Starved Rock State Park, known as the most visited state park in Illinois. The combination of natural beauty, recreation, and proximity to a major metro area supports year-round appeal. With scale, modern construction, and a location embedded within both a destination resort and a high-traffic tourism corridor, this portfolio presents a compelling opportunity for investors seeking stable income today with the ability to further refine and evolve the asset over time.
Full Property Details
Full Property Details for 200 Great Loop Dr
General
- Price: $4,650,000
- Taxes: $60,832 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12628029
- Updated: 4/28/2026
- Added to Site: 5 day(s) ago
Interior
- Basement: Finished, U
- Interior Features: Furnished Units Available
Location
- Area: Danway / Dayton / Naplate / Ottawa / Prairie Center
- County: LaSalle
- Township: Rutland
- Driving Directions: From I-80, take Route 71 south. Turn south on N 2871st Rd / Old Chicago Rd. Turn east on N 2753rd Rd / Canal Rd. Turn south on Harbor View Dr. Turn east on Great Loop Drive.
- Location Details: Mixed-Use Area, Riverfront, Waterfront, Water View, Enterprise Zone, TIF Zone, In City Limits
Community
- Assoc. Fees Include: Parking, Pool, Lawn Care, Other
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls
Utilities
- Water: Municipal Water
- Onsite: Fiber
Structural Information
- Basement: Yes
- Basement Desc.: Finished, Unfinished
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 2023
Unit Information
- Units w/Refrigerators: 16
- Units w/Range/Oven: 16
- # Dryers: 16
Lot Features
- Lot Dimensions: 56 x 45 x 56 x 45
- Potential Use: Condominium, Multi-Family
Financial Considerations
- Insurance Fee: $33,888
- Operating Expenses: $130,032
- Other Fee: $11,616
- Assessment Year: 2023
- Tax Amount: $60,832.4
- Tax Year: 2024
- Pays Electric: 21120
Disclosures and Reports
- Property ID: 1544404077
Listed by Heritage Select Realty
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Schools
Schools serving 200 Great Loop Dr
School Districts:Ottawa Township High School District 140, Rutland Community Consolidated School District 230
| Name | Grades | Distance |
|---|---|---|
Rutland Elementary School 3231 N Il Route 71, Ottawa, IL 61350 | PK-8 | 4.6 mi |
Ottawa Township High School 211 East Main Street, Ottawa, IL 61350 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 200 Great Loop Dr
Date
Details
Price
Change
Source
4/28/2026
Listed
$4,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 200 Great Loop Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,201
—
-100%
2023
$2,201
100%
$22,914
—
2022
-100%
$22,914
1161%
2021
$179
—
$1,817
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 200 Great Loop Dr
200 Great Loop Drive, Ottawa, IL 61350 (MLS# 12628029) is a Commercial property. 200 Great Loop Drive is currently listed for $4,650,000 and was received on April 28, 2026. Want to learn more about 200 Great Loop Drive? Do you have questions about finding other Commercial real estate for sale in Ottawa? You can browse all Ottawa real estate or contact a Coldwell Banker agent to request more information.

