Skip To Content

227 W Madison Street

Ottawa, IL 61350
  • $510,000
  • STATUS: Active
  • ON SITE: 119 Days
  • MLS #: 12471823
UPDATED: 137 min ago
$510,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1915
County:
Area:

School Ratings & Info

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. 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!

Monthly Payment Calculator



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2026-01-14T08:59:56.493 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.anirealestate.com/homes/167951824
Print Image

227 W Madison Street Ottawa, IL 61350

  • Price: $510,000
  • Status: Active
  • On Site: 119 Days
  • Updated: 137 min ago
  • MLS #: 12471823
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1915
Built
Neighborhood:
Lasalle
County:
Lasalle
Area:
Lasalle
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. 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!
Exterior Features

Frontage Type City Street

Interior Features

Cooling Central Air Heat Ventilation Forced Air Miscellaneous Inside Elevator/s PassengerPublic Restroom/sStorage InsideBasement

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 6400 Built Before1978 YN Yes Current Use Office Electric Circuit Breakers Fire Protection Other Geographic Locale Southwest Suburban Gross Income 2432 Gross Scheduled Income 29184 Insurance Expense 0 Location Central Business District Mls Actual Status Active Net Operating Income 0 Number Of Tenants 2 Operating Expense 0 Ownership Types Individual Property Sub Type Mixed Use Rental Price 5 Tax Annual Amount 11835 Tax Year 2024 Tenant Pays Other Total Monthly Income 2432 Township Ottawa Type Mixed Use Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Spring Realty: 815-741-7000.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2026-01-14T08:59:56.493 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12471823-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12471823-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12471823-1.jpg
Logo
Ani Real Estate
7300 S Cottage Grove Ave Suite B
Chicago IL, 60619-1910