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227 W Madison Street
Ottawa IL 61350 US

$510,000

Active Listing ID 12471823
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Lot: 0.07 Acres
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Other

$510,000

Active Listing ID 12471823
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227 W Madison Street 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!

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Property Features

  • Facts
  • Lot Size: 0.07 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 510000
  • unparsedaddress: 227 W Madison Street
  • postalcity: Ottawa
  • stateorprovince: IL
  • country: US
  • postalcode: 61350
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.07
  • lotsizeunits: Acres
  • lotsizearea: 0.07
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Ricky Gray
  • listagentemail: thegrayteamsells@gmail.com
  • listagentkey: 3yd-MREDIL-702189
  • listagentmlsid: 702189
  • listagentpreferredphone: (815) 351-0555
  • listagentofficephone: 8159552705
  • listofficekey: 3yd-MREDIL-73901
  • listofficemlsid: 73901
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1915
  • listingcontractdate: 2025-09-16
  • listagenturl: http://springrealtyonline.com
  • countyorparish: LaSalle
  • parcelnumber: 2111401002
  • cooling: Central Air
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"spring realty inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"thegrayteamsells@gmail.com", "ListBrokerageCity":"SHOREWOOD", "ListBrokerageCountry":"US", "ListBrokerageEmail":"charlessharp@buildsharp.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"spring realty inc", "ListBrokeragePhone":"(815) 351-0555", "ListBrokeragePostalCode":"60404", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"852 sharp drive unit n", "ListBrokerageWebsiteUrl":"http://springrealtyonline.com", "ListOfficeAddress1":"852 Sharp Dr Unit N", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"73901", "ListOfficeCity":"Shorewood", "ListOfficeCountry":"USA", "ListOfficeEmail":"charlessharp@buildsharp.com", "ListOfficePostalCode":"60404", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Ottawa, IL", "ListingURL":null, "MLSModificationTimestamp":"2025-09-22 05:07:18", "Neighborhoods":[{"Description":null, "Name":"Danway / Dayton / Naplate / Ottawa / Prairie Cent"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":11835, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/1/2026 8:24:07 AM GMT
Source Updated Date: 1/9/2026 12:42:38 PM GMT

Courtesy of: Ricky Gray, Spring Realty, thegrayteamsells@gmail.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.