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130 E Madison St 5,452 SF 100% Leased Office Building Ottawa, IL 61350 $375,000 ($68.78/SF)
Executive Summary
Nestled just off the beaten path in the heart of downtown Ottawa, this turnkey two-story commercial building is a hidden gem. With 5,452 SF in total area, split evenly across two floors, it is perfect for a restaurant, office, or medical/law practice. With an open floor plan throughout, the building can be tailored to your vision and usage. How does a restaurant or office with expansive views of the Fox River sound? Both floors are walk-outs and can be separate units with separate entrances. The property includes ample off-street parking with an entire city lot behind the building. Just a few steps from Ottawa’s courthouse, restaurants, shops, parks, and the River Walk, where the Illinois and Fox River meet. Ottawa has a little something for everyone so claim this unique opportunity today.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,452 SF
Building Class
C
Year Built
1940
Price
$375,000
Price Per SF
$68.78
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,726 SF
Building FAR
0.39
Lot Size
0.32 AC
Parking
35 Spaces (6.42 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 21-11-248014 | Improvements Assessment | $36,111 |
| Land Assessment | $14,750 | Total Assessment | $50,861 |
Property Taxes
Parcel Number
21-11-248014
Land Assessment
$14,750
Improvements Assessment
$36,111
Total Assessment
$50,861
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130 E Madison St
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