Listing provided courtesy of Coldwell Banker Commercial Real Estate GroupMREDas Distributed by MLSGrid- MLS# 12688011MLS Provider

628 Columbus StreetOttawa, IL 61350

Commercial · 36,400 Sq. ft. | 0.57 Acres
$999,000 New

628 Columbus Street Overview

Time on Site:
4 days
Visits:
0

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.

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628 Columbus Street Facts & Features

  • Type Commercial
  • Sq. ft. 36,400
  • Price/Sq.ft. $27
  • Lot 0.57 Acres

Details

General

Income/Expenses

  • Gross Income: 184740
  • Gross Scheduled Income: 204930
  • Net Operating Income: 51558
  • Operating Expense: 154837

Building Information

  • Year Built: 1914

Business Information

  • Current Use: Commercial,Office

Location/Region

  • County Or Parish: LaSalle
  • MLS Area Major: Danway / Dayton / Naplate / Ottawa / Prairie Center
  • Township: Ottawa

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $15,024.02
  • Tax Year: 2025

General Information

  • Parcel Number: 2111403011
  • Possible Use: Commercial,Office,Multi-Family,Retail
  • Property Sub Type: Office
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 36400

General Information

  • Cooling: Partial, Ceiling Fan(s)
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps, Ameren
  • Flooring: Terrazzo, Wood
  • Leasable Area: 18200
  • Stories: 5

Unit Information

  • Unit SqFt.: 30707

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street,Public Road,State Road
  • Lot Size Acres: 0.57
  • Lot Size Dimensions: 150x157
  • Lot Size Square Feet: 25640

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Block
  • Roof: Membrane, Rubber

General Information

  • Number Of Units Total: 45
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available,Cable Available

628 Columbus Street Neighborhood

Community

61350 (Ottawa) Demographics

42
Median Age
151
Population Density (per sq. mile)
32%
College Educated
$59,295
Estimated Median Income
6,890
Estimated Total Home Owners
3,057
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

628 Columbus Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

628 Columbus Street Market Data

Based on the last 30 days in this zip code

$363,690
Average List Price
$182
Average Price per Square Foot
35
Properties Sold
90
Average Days on Market
127
Properties for Sale
Calculations provided by Reliance Network

628 Columbus Street History

Date Event Value Agent
6/25/2026Source: MRED Added to Database
June 25, 2026