$499,900

227 W Madison Street, Ottawa IL, 61350

Price per sqft$78.11

Built in1915

Property size6,400 sqft

Property typeCommercial

Listed by Ricky Gray with Spring Realty 815-955-2705

Overview

Active

New

Listed Nov 3, 2026

Updated 30 min ago

Attention Owners/Investors, Don't miss out on this 6400 sq ft 2 story building investment opportunity in historical downtown Ottawa and located one block from the courthouse and in the Heart of Strarved Rock Country. The first floor is 3200 sq ft and is currently vacant. Offering lots of large offices, soaring ceilings, conference room, entryway for that perfect greeter. Bathrooms and kitchen all on the first floor. A little elbow grease and some cosmetic work will have potential tenants knocking down the door. The second floor is 3200 sq ft and is fully leased at. After your facelift of the first floor, the building value and income will increase. There is an elevator servicing both first and second floors. The building also has a full basement, half shared by each floor for more storage opportunity. Lower level currently available for rent. If interested in leasing, Owner will consider a buildout. Two blocks from Illinois and Fox Rivers. This building has lots of possibilities such as office or possibly apts above a business. Come and check it out today!

Additional information

MLS^® ID: 12800525

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.07 Acres

Other Property Details

Taxes: $11,528
Tax Frequency: Annually
Municipality: Ottawa

Listed by Ricky Gray with Spring Realty 815-955-2705

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Data is refreshed every 3 hours. Listing last updated 1:27 PM UTC on 11/5/2026.

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