For Sale
Office

628-630 Columbus St, Ottawa, IL 61350

$999,000

628-630 Columbus St Ottawa, IL 61350

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About this listing

DESCRIPTION

Remarks: This well-appointed office offering at 628-630 Columbus Street presents adaptable workspace tailored for investors seeking steady tenancy, or a mixed use redevelopment project. Excellent walkability to dining, personal and professional services, parks, courthouse, and retail establishments. The building provides thoughtful floor plans ideal for professional services or creative headquarters, with grand windows bathing interior offices in natural light and scenic Fox River views on the upper floors. Recent updates to mechanical systems complement the building's enduring masonry facade, while efficient layouts invite collaborative and private work areas. The property's main entry projects a distinguished presence, creating an immediate impression of quality. Investors will appreciate the low-maintenance envelope and the opportunity to lease to multiple tenants or flagship single-occupant users seeking a premium address. Available tenant spaces range in square footage from 100 to 5,000+ with 24/7 secure building access for tenants and after-hours visitors. The basement is large and spans the entire footprint of the building, offering storage options or even additional tenancy for fitness, events, tenant storage, or more. This property serves the community needs well as office space but could also be redeveloped as upscale apartments rich in history and a nod to the 1910's era the building was constructed. Sitting on a prominent 25,640-square-foot site, the building overlooks the business district with 150 feet of high-visibility frontage on Columbus Street, stretching all the way back to riverside frontage right along the Fox River. Spanning 36,400 total square feet above grade over five floors, the property features a highly flexible multi-tenant layout accessed by an interior stairway and two passenger elevators. The site also features a private, asphalt-paved parking lot accommodating approximately 42 vehicles-an absolute premium for downtown office, retail, service, or civic space under its versatile C-5 secondary central business district zoning. The current owners have executed a breathtaking, top-to-bottom renovation specifically engineered to honor and mimic the building's original 1914 footprint and aesthetic. From the moment you walk through the doors, you are enveloped in vintage luxury-featuring rich woodwork, period-accurate fixtures, and timeless details that make the building feel like a preserved piece of Ottawa's rich heritage. It strikes the perfect balance: the structural confidence and historic soul of the early 20th century, seamlessly integrated with the mechanical updates today's buyers demand. Nestled in historic Ottawa, IL, the area surrounding the property offers a blend of small-town charm and modern amenities. Nearby points of interest include Washington Square Park, Fox River, and Illinois and Michigan Canal State Trail, offering outdoor leisure and recreation. The thriving downtown area, just a short walk from the property, is home to a variety of businesses and services, making it an ideal location for professionals and investors alike. A landmark presence at the southeast corner of Columbus and Madison Streets, the Central Life Building offers a truly unique opportunity for a discerning buyer. Originally constructed in 1914, this impressive five-story brick masonry and steel-frame building stands as a celebration of early-century durability and design. While it is not formally certified as a national historic landmark, the current ownership has poured immense pride, care, and deliberate effort into maintaining, restoring, and honoring its original 1914 footprint and timeless character. The City of Ottawa has named this building as a Historic Building in their downtown district.

HIGHLIGHTS

  • Prime corner placement in the heart of downtown Ottawa with gorgeous rear views facing across the Fox River. Professional-grade office asset in Ottawa’s established commercial center Flexible floor plan accommodating multiple suites or single tenant Expansive windows deliver abundant daylight throughout interior Masonry façade conveys permanence and low exterior upkeep Prominent main entrance enhances tenant and visitor arrival experience Efficient interior layout supports collaborative and private offices Ample parking potential for employees and clients Ideal for professional services, finance, legal, or medical offices Clear signage opportunities reinforce brand visibility

AREA

Nestled in historic Ottawa, IL, the area surrounding the property offers a blend of small-town charm and modern amenities. Nearby points of interest include Washington Square Park, Fox River, and Illinois and Michigan Canal State Trail, offering outdoor leisure and recreation. The thriving downtown area, just a short walk from the property, is home to a variety of businesses and services, making it an ideal location for professionals and investors alike.

  • Cap Rate

    5.16%

  • NOI

    $51,558

  • Building Size

    36,400 sqft

  • Lot Area

    57 acres

  • Year Built

    1914

  • Zoning

    C-5

  • MLS ID

    12688011

  • Floors

    5


Details

  • • Lot Dimension: 150x157
  • • Tax Roll Number: 21-11-403-011, 21-11-403-014
  • • Annual Tax: $ 15024.02
  • • Average Floor Size: 6000.0
  • • Average Occupancy Rate: 50.0
  • • Fully Leased Income: $ 372410.0
  • • Gross Income: $ 206395.0
  • • Max Contiguous Area: 2000.0
  • • Min Divisible Area: 100.0
  • • General: Storage Area
  • • Views: Water
  • • Flooring: Stone
  • • Area Amenities: Area Hiking
  • • Age: Over 50 Years Old
  • • Location: Riverfront
  • • Exterior Description: Concrete Block
  • • Road Type: City / Town Street
  • • Lot Description: Corner
  • • Lot Size: 1/2 - 1 Acre
  • • Roof: Rubber
  • • Cooling: A/C
  • • Sewer: City
  • • Body Of Water: River
  • • Water: City Water

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