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300 W Joliet Street Ottawa, IL 61350 Commercial - Business Active

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Description

Versatile mixed use property available for sale and/or lease. The building totals approximately 11,475 SF and offers multiple occupancy options, including a 3,947 SF climate-controlled unit currently available for lease. Ideal for owner-users, investors, or businesses seeking flexible space for manufacturing, warehousing, or distribution. The property has been significantly improved, including a full remodel in 2017, new HVAC system (2023), new roof (2025), and updated exterior. Features include overhead doors, 14'-16' clear height (varies by unit), and functional office buildout. Investment opportunity with in-place income and additional upside through lease-up. One unit is available for occupancy, while another presents a potential sale-leaseback scenario, allowing an owner-user or investor to generate immediate cash flow. Strategically located with immediate access to IL Route 23 and minutes from I-80 and I-39, providing strong regional connectivity. Positioned within an established industrial corridor with convenient truck access.

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1985

General Information

County: LaSalle
Listed By:
Caton Residential Realty LLC 815-436-5700
MRED MLS
$989,718
Est. $6,413/mo
Active
SQUARE FEET11,475 MLS#12602569
STATUSActive PROPERTY TYPECommercial - Business

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300 W Joliet Street, Ottawa, IL 61350.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $989,718$989,718$989,718
Down Payment $197,944$34,640$247,430
Monthly Mortgage Amount $4,747$5,905$6,065
Taxes $1377$1377$1377
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$594$0
Monthly Estimated Total $6,413$8,165$7,731

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