511 Illinois Avenue 23

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511 Illinois Avenue 23

Ottawa, IL 61350
Asking Price
$165K
Asset Type
Traditional Office Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Versatile mixed-use property located in Ottawa, Illinois.
  • Traditional office layout suitable for professional service providers.
  • Priced at 165000 dollars for prospective business buyers.
  • Positioned near primary transport routes within the region.
  • Strategic location within the established Illinois River Valley market.

What's Special

Professional offices or flexible workspace configurations suit this mixed-use asset located at 511 Illinois Avenue in Ottawa, Illinois. Situated within a historic and accessible part of the city, the property provides a functional base for small businesses, professional service providers, or creative firms looking for a foothold in the local market. Ottawa serves as a key commercial hub in the Illinois River Valley, benefiting from consistent local traffic and a stable economic environment anchored by regional manufacturing and retail sectors. Investors or owner-occupiers may find value in the traditional office layout, which allows for versatile interior partitioning to meet specific operational requirements. The site offers convenient connectivity to regional transport routes, supporting accessibility for staff and clients alike. Prospective buyers can leverage the mixed-use designation to explore various commercial or professional applications within this established district, ensuring the space remains relevant to evolving business needs in the Ottawa submarket.

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NOI
$80,000
Cap Rate
48.48%
DSCR
8.17
Strong
Cash-on-Cash
141.83%
Monthly Payment
$816.33
Annual Cash Flow
$70,204.04

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