Description
Rare opportunity to own part of history in downtown Ottawa in this 12,600sf 3 story building with Illinois River views composed of 16 units with 4 ground units used for retail/restaurant and 2nd/3rd floor composed of 12 residential units. Currently grossing $105,000 per year with under market rents, this building holds tremendous future value with an upcoming approx. 35million investment going in south of building composed of upcoming YMCA(approx. 25mil) and Ottawa Riverfront development(approx. 10mil). 11 of the 12 apartments are 1 bed, 1 bath, and one with 2bed, 1bath. Tenant pays all utilities except water, sewer, and gas for hot water heaters. Apartments are all electric heating, lower commercial units are equipped with forced air heating & A/C. NEW roof is in the works. DO NOT DISTURB TENANTS. Click the virtual tour link to view property in 3D.
Location
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