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Listing provided courtesy of Executive Realty Group LLCMREDas Distributed by MLSGrid- MLS# 12636856MLS Provider

511 Illinois Avenue #23Ottawa, IL 61350

Commercial · 3,936 Sq. ft.
$165,000 Active

511 Illinois Avenue #23 Overview

Time on Site:
57 days
Visits:
0

Discover the epitome of commercial potential with this exceptional mixed-use building ideally situated in a high-traffic area near Starved Rock State Park. Boasting a strategic location that draws tourists and locals alike, this property presents a rare chance to capitalize on both retail and residential income streams. Whether you're looking to expand your investment portfolio or establish a foothold in a thriving tourist area, this mixed-use building offers unparalleled potential. Don't miss out on this opportunity to own a piece of real estate in one of Illinois' most sought-after locations. Schedule your viewing today and seize the chance to transform this property into a lucrative asset.

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511 Illinois Avenue #23 Facts & Features

  • Type Commercial
  • Sq. ft. 3,936
  • Price/Sq.ft. $42

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1927

Location/Region

  • County Or Parish: LaSalle
  • MLS Area Major: Danway / Dayton / Naplate / Ottawa / Prairie Center
  • Township: Ottawa

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $1,898.00
  • Tax Year: 2024

General Information

  • Parcel Number: 2214217018
  • Possible Use: Commercial,Office,Retail,Special Use
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3936

General Information

  • Cooling: None
  • Electric: Other
  • Flooring: Concrete
  • Stories: 2

Unit Information

  • Unit Number: 23

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: State Road
  • Lot Size Dimensions: .10
  • Lot Size Square Feet: 2448
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 2
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available

511 Illinois Avenue #23 Neighborhood

Community

61350 (Ottawa) Demographics

42
Median Age
151
Population Density (per sq. mile)
32%
College Educated
$59,295
Estimated Median Income
6,890
Estimated Total Home Owners
3,057
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

511 Illinois Avenue #23 Monthly Cost

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$ %
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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

511 Illinois Avenue #23 Market Data

Based on the last 30 days in this zip code

$363,690
Average List Price
$182
Average Price per Square Foot
35
Properties Sold
90
Average Days on Market
127
Properties for Sale
Calculations provided by Reliance Network

511 Illinois Avenue #23 History

Date Event Value Agent
5/9/2026Source: MRED Status Change
Active
5/4/2026Source: MRED Added to Database
May 04, 2026