410 E Stevenson Rd
Retail | 7.22% CAP | 6,130 SqFt
Marketing description
Located in Ottawa’s D (Office, Research, Light Industrial) zoning district, this versatile multi-tenant commercial property offers exceptional accessibility with quick connections to Interstate 80 and IL-23. The center consists of four well-kept units that provide immediate income potential while offering investors the opportunity to increase revenues through future lease adjustments and continued tenant optimization. A full basement adds valuable supplemental space for storage, business operations, or potential future improvements.
Ownership has invested in the property with recent upgrades, including a newly resurfaced parking lot and exterior enhancements that contribute to the property’s professional appearance and minimize short-term maintenance concerns. Positioned on approximately 1.88 acres, the site features abundant parking and additional land that may support future development or expansion opportunities, subject to municipal approval. With flexible zoning, strong transportation access, and room for future growth, this property is well suited for investors, business owners, and users seeking a functional commercial asset in a growing corridor.
Investment highlights
- Well-located 4-unit commercial center situated in a D (Office, Research, Light Industrial) zoning district with excellent access to Interstate 80 just east of IL-23
- Strategic location offers strong regional connectivity while remaining convenient to Ottawa and surrounding markets
- Each unit has been well maintained and is in good overall condition, making the property ideal for immediate occupancy
- Strong value-add opportunity through future rent increases and stabilization
- Includes a full basement, providing additional space suitable for storage, operations, or future build-out depending on use
- Recent owner updates include a newly paved parking lot along with exterior improvements that enhance curb appeal and reduce near-term capital needs
- Situated on a large 1.88-acre site with ample on-site parking and excess land
- Future expansion potential through additional construction or expansion of the existing improvements, subject to local approvals
- Flexible zoning allows for a wide range of office, research, and light industrial uses
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