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130 E Madison St

5,452 SF Vacant Office Building Ottawa, IL 61350 $500,000 ($92/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 5452 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
Loft/Creative Space
Building Size
5,452 SF
Building Class
C
Year Built
1940
Price
$500,000
Price Per SF
$92
Percent Leased
Vacant
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)
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-11-248014
Land Assessment
$14,750
Improvements Assessment
$36,111
Total Assessment
$50,861
  • Listing ID: 29464439

  • Date on Market: 9/7/2023

  • Last Updated:

  • Address: 130 E Madison St, Ottawa, IL 61350

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