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315 E Mckinley Rd 315 East McKinley Road, Ottawa, IL 61350
Shopping Center - Strip Center
Property Description
Presenting a highly desirable investment opportunity in a thriving commercial area, this 12,953 square-foot strip center is strategically located next to a well-established national grocery store chain and just off the busy intersection of IL Route 23 and McKinley Road. The property benefits from excellent visibility and high traffic counts, with 10,900 AADT (Annual Average Daily Traffic) along IL 23, making it a prime location for retail, office, or restaurant businesses. This property features seven (7) Units - with one (1) vacant space available. C-3 zoning allows a flexible mix of office, retail, or restaurant uses while neighboring national grocery anchor ensures steady foot traffic. Easy accessibility and strong visibility near the corner of IL 23 and McKinley Road. Seller Financing Available for well-qualified buyers! This well-maintained property offers a solid income stream with long-term tenants and tremendous upside potential for investors or owner-occupants. Ideal for those looking to capitalize on the demand for commercial space in a high-traffic, growth-oriented area.
Area Description
Ottawa is a municipality of approximately 20,000 situated along the I-80 Corridor 90 miles SW of Chicago, 60 miles north of Bloomington/Normal, 60 miles south of Rockford, and 60 miles east of the quad cities.
Full Address: 315 East McKinley Road, Ottawa, IL 61350
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 86
Building Class: B
Zoning: C-3
Region: M-EN
County: LaSalle County
Closest Cross Streets: IL 23
Use Type: Strip Center
Property ID: 4052071
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Gas: Yes
Traffic Count: 19,900 VPD
Roof: metal
Building Sf: 12953
Parcel Num: 2224117000
Number Units: 7
Number Buildings: 1
Year Built: 1980
Free Standing: Yes
Number Parking Spaces: 50
Cap Rate: 10
Tenancy Type: Multi-Tenant