514 State St Ottawa, IL 61350
Estimated payment $3,278/month
Highlights
- 0.49 Acre Lot
- Carpet
- 2-minute walk to Kiwanis Park
- Forced Air Heating and Cooling System
About This Home
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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $11,415
Lot Details
- 0.49 Acre Lot
Home Design
- Brick Exterior Construction
- Fire Rated Drywall
Interior Spaces
- 3,420 Sq Ft Home
- Unfinished Basement
- Partial Basement
Flooring
- Carpet
- Laminate
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Natural Gas Water Heater
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,172 | $108,078 | $31,924 | $76,154 |
| 2023 | $11,416 | $108,078 | $31,924 | $76,154 |
| 2022 | $10,904 | $101,960 | $30,117 | $71,843 |
| 2021 | $10,973 | $101,960 | $30,117 | $71,843 |
| 2020 | $10,915 | $101,960 | $30,117 | $71,843 |
| 2019 | $11,283 | $101,960 | $30,117 | $71,843 |
| 2018 | $11,273 | $101,960 | $30,117 | $71,843 |
| 2017 | $7,273 | $66,039 | $30,117 | $35,922 |
| 2016 | $11,269 | $101,960 | $30,117 | $71,843 |
| 2015 | $11,236 | $101,960 | $30,117 | $71,843 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Pending | -- | -- | -- |
| 04/15/2025 04/15/25 | For Sale | $425,000 | -- | $124 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $50,000 | New Conventional | |
| Closed | $30,347 | Commercial | |
| Closed | $245,000 | Future Advance Clause Open End Mortgage | |
| Closed | $20,000 | Credit Line Revolving |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202503433
APN: 22-14-218013
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