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514 State Street Ottawa, IL $ 425,000
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$ 425,000 Get more info
514 State Street
$ 425,000
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514 State Street

Ottawa, IL, 61350
$ 425,000
Bedrooms-- Baths-- Sq 3,420

Monthly Estimate*

$ 2,651

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514 State Street, Ottawa, IL 61350 - Image 2
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Commercial Property for sale in Ottawa, IL

for $425,000. This 3,420 square foot building was built in 1950 on a lot size of 0.494077.

Prime commercial property available in Ottawa, IL, offering 3,420 square feet of versatile space ideal for a restaurant, office, or a variety of other business opportunities. Situated on a half-acre lot, the property features ample on-site parking with 30 spaces and includes handicapped-accessible entrances for convenience and compliance. The building showcases a durable combination of steel and wood construction, with a new rubber roof installed in 2017 and updated HVAC system from the same year. Additionally, the space is equipped with an Ansul fire suppression system, making it a turnkey option for food service operations. This well-maintained, high-visibility location offers excellent potential for investors and business owners alike.

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Commercial Active

Price

$ 425,000

Property Type

Commercial

Taxes

$ 11,415

Style

Commercial

Lot Size

0.494077

Year Built

1950

Town/City

Ottawa

County/Region

La Salle

MLS | Web ID

12338557
Features
General
Cooling Central Air Central Individual
Utilities Electric to Site Natural Gas Available
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Steel Siding Wood Aluminum Siding Vinyl Siding
Year Built 1950
Electric Service - 201 to 600 Amps
Stories Count 1
Township Ottawa
Property Subtype Restaurant
Tax Year 2023
Current Use Commercial
Assoc Fee Paid Per Not Applicable
County LaSalle
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions Rt 80 to Rt 23 south. Property is on east side of street
City Ottawa
MLS Area Danway / Dayton / Naplate / Ottawa / Prairie Cent
Lot Size Square Feet 21522
Tax Annual Amount 11415
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Interior
Flooring Carpet Vinyl
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 3420
Lot Dimensions 150X103X92X66
Frontage Type City Street Public Road State Road
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* Excluded Features
List By
Coldwell Banker Today's, Realtors

Broker

tjt9@yahoo.com

Email

Affordability Calculator

$3,603
Per Month
74%
26%
0%
Monthly Principal & Interest
$2,651
Monthly Property Taxes
$951
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/15/2025$425,000 Listed Price

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514 State Street, Ottawa, IL, 61350 is a Commercial Property for sale at $425,000 with 3,420 sqft and a lot size of 0.494077. 514 State Street was built in 1950. The property's zip code is 61350 which is in Ottawa, IL

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