200 Great Loop Drive Ottawa, IL $ 4,650,000
200 Great Loop Drive
$ 4,650,000
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200 Great Loop Drive

Ottawa, IL, 61350
$ 4,650,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 28,631

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Multi-Family Home for sale in Ottawa, IL

for $4,650,000 with 3 bedrooms. This home was built in 2023.

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.

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Multi-Family Active

Price

$ 4,650,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 60,832

Style

Multi-Family

Year Built

2023

Town/City

Ottawa

County/Region

La Salle

MLS | Web ID

12628029

Features
General
Cooling Central Individual
Utilities Fiber
Possession Closing
Association Fee Includes Parking Pool Lawn Care Other
Year Built 2023
Stories Count 2
Township Rutland
Tax Year 2024
Current Use Multi-Family
Gross Income 315783
Additional Parcels Description 1544404039 1544404040 1544404076
County LaSalle
Net Operating Income 185751
Operating Expense 130032
Insurance Expense 33888
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Condominium Multi-Family
Status New
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.
City Ottawa
Number Of Units Total 16
MLS Area Danway / Dayton / Naplate / Ottawa / Prairie Center
Tax Annual Amount 60832.4
Electric Expense 21120
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 9600
Additional Parcels Y/N Y
Standard Status Active
Cap Rate 3.99
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Interior
Basement Finished Unfinished
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Lot Dimensions 56x45x56x45
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* Excluded Features
List By
Heritage Select Realty

Broker

jacobv@heritageharborottawa.com;jacob@vallerealtorsolutions.com

Email

Affordability Calculator

$33,700
Per Month
85%
15%
0%
Monthly Principal & Interest
$28,631
Monthly Property Taxes
$5,069
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/28/2026$4,650,000 Listed Price

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200 Great Loop Drive, Ottawa, IL, 61350 is a Multi-Family Home for sale at $4,650,000. 200 Great Loop Drive has 3 bedrooms, 0.0 baths, and was built in 2023. The property's zip code is 61350 which is in Ottawa, IL