Farm Bureau 3107 N State Route 23

3107 N State Route 23 , Ottawa, Illinois, 61350 | 17,400 sq.f | $ 1,600,000

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About This Restaurant

Investment Highlights

Vacant land at lighted intersection 1/2 mile from I-80 Commercial zoning

Executive Summary

Discover the ultimate commercial real estate gem nestled just north of Interstate 80 at the intersection of IL 23 and Dayton Rd. This exceptional 9.14-acre property boasts limitless possibilities for entrepreneurs and investors alike, with two existing buildings primed for rental income and valuable vacant land at the lighted intersection, showcasing immense commercial potential. The property comes equipped with an 11,000 sf multi-tenant building and a separate 6,400 single tenant building. These structures present an ideal opportunity for businesses seeking functional spaces to flourish or astute investors seeking a steady revenue stream. Positioned at the corner of IL 23 (4,150 ADT) and Dayton Rd, (1,700 ADT) this property commands exceptional visibility and traffic exposure, attracting a diverse array of customers from nearby towns and beyond. The vacant land serves as an inviting canvas for visionary entrepreneurs ready to capitalize on its prime location and create an iconic commercial hub. Boasting a coveted C-3 zoning designation, this property allows for a dynamic mix of commercial uses, unlocking an array of possibilities limited only by your imagination. From retail spaces to offices, service establishments to restaurants, the potential for profitable ventures knows no bounds. Located in a thriving region, with a stable economy, guaranteeing a steady stream of eager customers and potential clients. With its strategic access to major transportation routes, the ease of commuting and connectivity further enhance its allure. The property provides enough room to accommodate diverse business ventures, expansion plans, or even the possibility of future developments, securing your investment for the long run. Only a 1/2 mile from Interstate 80, this property offers easy access to regional and national markets, making it an enticing prospect for businesses seeking regional presence and expansion. Seize this unparalleled opportunity to invest in a well-positioned commercial property with rental income and vast untapped potential. Don't miss out on the chance to redefine your business dreams and shape the future of this prime commercial property.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Office Office General Retail Freestanding General Retail Restaurant General Retail Storefront Retail/Office Office
  • Building Size    17,400
  • Building Class    B
  • Year Built    1970
  • Price    1,600,000
  • Price Per SF    92
  • Tenancy    Single
  • Building Height    1 Story
  • Typical Floor Size    17,400
  • Building FAR    0.04
  • Land Acres    9.14 AC
Date Created: 2024-07-16 04:13:39 Last Updated: 2024-07-16 04:13:39
Address: 3107 N State Route 23 , Ottawa, Illinois, 61350