628 Columbus Street
Ottawa, IL, 61350 $ 999,000
Bedrooms-- Baths-- Sq 36,400 Monthly Estimate*
$ 6,308
for $999,000. This 36,400 square foot building was built in 1914 on a lot size of 0.57.
This well-appointed office offering at 628-630 Columbus Street presents adaptable workspace tailored for investors seeking steady tenancy, or a mixed use redevelopment project. Excellent walkability to dining, personal and professional services, parks, courthouse, and retail establishments. The building provides thoughtful floor plans ideal for professional services or creative headquarters, with grand windows bathing interior offices in natural light and scenic Fox River views on the upper floors. Recent updates to mechanical systems complement the building's enduring masonry facade, while efficient layouts invite collaborative and private work areas. The property's main entry projects a distinguished presence, creating an immediate impression of quality. Investors will appreciate the low-maintenance envelope and the opportunity to lease to multiple tenants or flagship single-occupant users seeking a premium address. Available tenant spaces range in square footage from 100 to 5,000+ with 24/7 secure building access for tenants and after-hours visitors. The basement is large and spans the entire footprint of the building, offering storage options or even additional tenancy for fitness, events, tenant storage, or more. This property serves the community needs well as office space but could also be redeveloped as upscale apartments rich in history and a nod to the 1910's era the building was constructed. Sitting on a prominent 25,640-square-foot site, the building overlooks the business district with 150 feet of high-visibility frontage on Columbus Street, stretching all the way back to riverside frontage right along the Fox River. Spanning 36,400 total square feet above grade over five floors, the property features a highly flexible multi-tenant layout accessed by an interior stairway and two passenger elevators. The site also features a private, asphalt-paved parking lot accommodating approximately 42 vehicles-an absolute premium for downtown office, retail, service, or civic space under its versatile C-5 secondary central business district zoning. The current owners have executed a breathtaking, top-to-bottom renovation specifically engineered to honor and mimic the building's original 1914 footprint and aesthetic. From the moment you walk through the doors, you are enveloped in vintage luxury-featuring rich woodwork, period-accurate fixtures, and timeless details that make the building feel like a preserved piece of Ottawa's rich heritage. It strikes the perfect balance: the structural confidence and historic soul of the early 20th century, seamlessly integrated with the mechanical updates today's buyers demand. Nestled in historic Ottawa, IL, the area surrounding the property offers a blend of small-town charm and modern amenities. Nearby points of interest include Washington Square Park, Fox River, and Illinois and Michigan Canal State Trail, offering outdoor leisure and recreation. The thriving downtown area, just a short walk from the property, is home to a variety of businesses and services, making it an ideal location for professionals and investors alike. A landmark presence at the southeast corner of Columbus and Madison Streets, the Central Life Building offers a truly unique opportunity for a discerning buyer. Originally constructed in 1914, this impressive five-story brick masonry and steel-frame building stands as a celebration of early-century durability and design. While it is not formally certified as a national historic landmark, the current ownership has poured immense pride, care, and deliberate effort into maintaining, restoring, and honoring its original 1914 footprint and timeless character. The City of Ottawa has named this building as a Historic Building in their downtown district.
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FeaturesGeneralCooling Partial Ceiling Fan(s)
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available Cable Available
Possession Closing
Roof Membrane Rubber
Zoning COMMR
Construction Materials Brick Concrete Block
Year Built 1914
Electric Circuit Breakers Separate Meters Service - 101 to 200 Amps Ameren
Tenant Pays Electricity
Stories Count 5
Township Ottawa
Property Subtype Office
Tax Year 2025
Current Use Commercial Office
Gross Income 184740
Additional Parcels Description 2111403014
County LaSalle
Net Operating Income 51558
Operating Expense 154837
Property Type Commercial Sale Office/Tech
Possible Use Commercial Office Multi-Family Retail
Status New
Directions North from I-80 take IL route 23 south to downtown Ottawa turn left on Main Street and another left on Columbus. The parking lot and then building will be on your right. From the south take IL-71 nor
City Ottawa
Number Of Units Total 45
MLS Area Danway / Dayton / Naplate / Ottawa / Prairie Center
Lot Size Square Feet 25640
Tax Annual Amount 15024.02
Additional Parcels Y/N Y
Leasable Area 18200
Standard Status Active
Cap Rate 5.16
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ExteriorBuilding Area Total 36400
Lot Dimensions 150x157
Lot Size Acres 0.57
Frontage Type City Street Public Road State Road
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* Excluded FeaturesList ByColdwell Banker Commercial Real Estate GroupBroker
lerickson@cbcregroup.com;lerickson@cbcregroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,308
- Monthly Property Taxes
- $1,252
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Ottawa, IL
Average List Price $546,386
Percent of Sale Price 45%
About Ottawa, IL 18,703 Population
-3% Since 2002
$ 49,342 Median Income
40.85 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/25/2026 | $999,000 | | Listed Price |