514 State Street, Ottawa, IL 61350

514 State Street, Ottawa, IL 61350

0 beds 0 baths 0 Sqft

Listings courtesy of Coldwell Banker Today's as distributed by MLS GRID.

Overview Neighborhood Amenities Price details

$425,000 Earn $8,500

426 days on Market

$425,000

Credit Back up to $8,500*

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Description:

Active - Other for sale

Prime commercial property available in Ottawa, IL, offering 3,420 square feet of versatile space ideal for a restaurant, office, or a variety of other business opportunities. Situated on a half-acre lot, the property features ample on-site parking with 30 spaces and includes handicapped-accessible entrances for convenience and compliance. The building showcases a durable combination of steel and wood construction, with a new rubber roof installed in 2017 and updated HVAC system from the same year. Additionally, the space is equipped with an Ansul fire suppression system, making it a turnkey option for food service operations. This well-maintained, high-visibility location offers excellent potential for investors and business owners alike.

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Listing Agent:

- Listed by: Thomas Templeton

- Brokered by: Coldwell Banker Today's • 815-223-1088

- Source: MRED as distributed by MLS GRID

- MLS Number: 12338557

- MLS Last Updated: Jun 13, 2026 at 12:07am EDT

Location

* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.

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Facts and features:

Current Use: Commercial

Furnished: Unfurnished

Status: Active

Listed Date: 04/14/2025

Days On Market: 426

Lot Size (Square Feet): 21522

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Structure:

Year Built: 1950

Construction Materials: Steel Siding, Wood, Aluminum Siding, Vinyl Siding

Cooling: Central Air, Central Individual

Flooring: Carpet, Vinyl

Foundation Details: Concrete Perimeter

Roof: Rubber

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Utilities:

Utilities: Electric To Site, Natural Gas Available

WaterSource: Municipal Water

Tax:

Parcel Number: 2214218013

Zoning: Commr

Score:

-ottawa-for-sale-514 state street, ottawa, il 61350-MRED12338557

Mortgage All cash

Monthly expenses $3,670

Property Tax $951

HOA Fee $0

Homeowners Insurance $113

Due at Close $410,125

List price $425,000

Closing costs $6,375

beycome Pre-paid title: $99Discover Title Services

beycome Credit Est. $8.5K

Disclaimer

Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved. Based on information submitted to the MLS GRID as of Jun 13, 2026 at 12:07am EDT. 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.

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