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$510,000 | $5/sq. ft.
6,400
square ft

227 W Madison Street
Ottawa, Illinois 61350

Active / MLS #12471823 / Commercial / Mixed Use / Ottawa
Listing information updated 9/22/2025 at 6:03am
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. 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!
Built:
1915
Cooling System:
Central Air
Stories:
2
Current Use:
Office
Zoning:
COMMR
# of Offices:
10
Building Square Feet:
6,400
Tax Amount:
$11,835
Tax Year:
2024
Zip Code:
61350
City:
Ottawa
County:
Lasalle

Listing Office: Spring Realty

Listing Office Phone: 815.741.7000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/22/2025 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

$233,991
Average Sale Price
63
Average Days On The Market
96%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 227 W Madison Street, Ottawa, IL 61350
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227 W Madison Street, Ottawa, IL 61350 is a commercial / mixed use currently listed at $510,000 | $5/sq. ft.. This commercial / mixed use has been listed on @properties Christie's International Real Estate since September 16th, 2025 and was built in 1915.

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