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626-630 W Madison Street, Ottawa, IL 61350
$375,000
626-630 W Madison Street, Ottawa, IL 61350View this property at 626-630 W Madison Street, Ottawa, IL 61350
626-630 W Madison StreetOttawaIL61350
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Property Description
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.
Full Property Details
Full Property Details for 626-630 W Madison St
General
- Price: $375,000
- Taxes: $4,263 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12014861
- Updated: 4/2/2024
- Added to Site: 31 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Hydrants on Site
Location
- Area: Danway / Dayton / Naplate / Ottawa / Prairie Center
- County: LaSalle
- Driving Directions: Rt 23 to W Madison St West to property
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric, Forced Air
Structural Information
- Stories/Levels: 2
- Square Feet: 6,288
- Year Built: 1866
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 22,500
- Lot Dimensions: 150 x 150
Financial Considerations
- Security Deposit: Fire Extinguisher/s, Hydrants On Site
- Assessment Year: 1866
- Tax Amount: $4,263
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Scavenger
Disclosures and Reports
- Documents Avail.: Aerial Map, Rent Roll, Tax Bill, Traffic Counts, Backup Package
- Property ID: 2111144018
Listed by O'Neil Property Group, LLC
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Schools
Schools serving 626-630 W Madison St
School Districts:Ottawa Esd 141, Ottawa Township High School District 140
Rating | Name | Grades | Distance |
---|---|---|---|
211 E Main St, Ottawa, IL 61350 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 626-630 W Madison St
Date
Details
Price
Change
Source
3/27/2024
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 626-630 W Madison St
626-630 W Madison Street, Ottawa, IL 61350 (MLS# 12014861) is a Commercial property. 626-630 W Madison Street is currently listed for $375,000 and was received on March 27, 2024. Want to learn more about 626-630 W Madison Street? 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.