511 Illinois Avenue # 23 Ottawa, IL ^$ 165,000

511 Illinois Avenue # 23

^$ 165,000

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511 Illinois Avenue # 23

Ottawa, IL, 61350

^$ 165,000

Bedrooms-- Baths-- Sq 3,936

Monthly Estimate*

^$ 1,016

511 Illinois Avenue # 23, Ottawa, IL 61350 - Image 1

Commercial Property for sale in Ottawa, IL

for $165,000. This 3,936 square foot building was built in 1927 on a lot size of 0.056198.

Discover the epitome of commercial potential with this exceptional mixed-use building ideally situated in a high-traffic area near Starved Rock State Park. Boasting a strategic location that draws tourists and locals alike, this property presents a rare chance to capitalize on both retail and residential income streams. Whether you're looking to expand your investment portfolio or establish a foothold in a thriving tourist area, this mixed-use building offers unparalleled potential. Don't miss out on this opportunity to own a piece of real estate in one of Illinois' most sought-after locations. Schedule your viewing today and seize the chance to transform this property into a lucrative asset.

Commercial Active

Price

^$ 165,000

Property Type

Commercial

Taxes

^$ 1,898

Style

Lot Size

0.056198

Year Built

1927

Town/City

Ottawa

County/Region

La Salle

MLS | Web ID

12636856

Features

General

Cooling None

Utilities Electric to Site Natural Gas Available Sewer Connected Water Available

Possession Closing

Zoning COMMR

Construction Materials Brick

Year Built 1927

Electric Other

Tenant Pays All Utilities

Stories Count 2

Township Ottawa

Unit Number 23

Property Subtype Mixed Use

Tax Year 2024

Gross Income 0

County LaSalle

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Possible Use Commercial Office Retail Special Use

Status Active

Directions RT 23 South side of Ottawa West side of the road across from the New Chalet restaurant

City Ottawa

Number Of Units Total 2

MLS Area Danway / Dayton / Naplate / Ottawa / Prairie Center

Lot Size Square Feet 2448

Tax Annual Amount 1898

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Interior

Flooring Concrete

Exterior

Water Source Municipal Water

Building Area Total 3936

Lot Dimensions .10

Frontage Type State Road

* Excluded Features

List By

Executive Realty Group Llc

Broker

jamieunholz@yahoo.com

Affordability Calculator

$1,174

Per Month

Monthly Principal & Interest: $1,016
Monthly Property Taxes: $158
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly 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

Trends
Schools

Commerical listings in Ottawa, IL

Average List Price ^$491,609

Percent of Sale Price 198%

About Ottawa, IL

18,703 Population

-3% Since 2002

^$49,342 Median Income

40.85 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/4/2026	$165,000		Listed Price

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511 Illinois Avenue # 23, Ottawa, IL, 61350 is a Commercial Property for sale at $165,000 with 3,936 sqft and a lot size of 0.056198. 511 Illinois Avenue # 23 was built in 1927. The property's zip code is 61350 which is in Ottawa, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/18/2026.

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511 Illinois Avenue # 23

Commercial Property for sale in Ottawa, IL

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