800 La Salle St - Office FOR SALE


Ottawa, IL 61350
$649,900 USD
630-699-3536
800 La Salle St, Ottawa, IL for Sale
$649,900 USD
Office - FOR SALE
1/40
null | Request Cap Rate

800 La Salle St
Ottawa, IL 61350


OVERVIEW

This is the former Montgomery Ward building. It has four levels, including the basement (lower level). This is a perfect value-add opportunity for an investor/developer. 5,400 sf per level/floor. This building can accommodate retail on the ground (first) floor, office on the second floor and the lower level and five, upscale apartments on the third floor. Once this building is rehabbed, it should generate approximately $252,000 in rental income and $163,000 in Net Operating Income. Capitalized at 12.0% would indicate a future market value of $1,365,000. Work up your estimated rehab numbers and then present an offer!

FOR SALE DETAILS

PRICE

$649,900 USD

PRICE/SF

$24 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

21-11-241004

ASK ABOUT THIS PROPERTY

Anthony BrummelBrummel PropertiesMore Info
630-699-3536

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Anthony BrummelBrummel PropertiesMore Info
630-699-3536

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.