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33737491
33737503

628 Columbus Street, Ottawa, IL 61350

LE
IL 475.204597
Coldwell Banker Commercial Real Estate Group
RF
IL 471008936
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Real Estate Group
$999,000
13 days on market
Updated 6 days ago

628-630 Columbus Street, Ottawa, IL 61350

Details
APN 21-11-403-011, 21-11-403-014
Property Type Office, Mixed Use
Sub Type Traditional Office, Executive Office
Square Footage 36,400
Net Rentable (SqFt) 30,707
Units 45
Cap Rate 5.16%
NOI $51,557
Occupancy 50%
Tenancy Multi
Lease Type Gross
Rent Bumps No
Lease Options See Rent Roll
Pro-Forma Cap Rate 19.35%
Pro-Forma NOI $193,323
Price per SqFt $27
Class B
Year Built 1914
Buildings 1
Stories 5
Acreage 0.570
Zoning C-5
Parking Spaces 42 spaces
Parking Per SqFt 1.15
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner

Central Life Building - Downtown Ottawa

Marketing description

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 façade, 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.

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.

Investment 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

Listing Contacts

LE
IL 475.204597
Coldwell Banker Commercial Real Estate Group
RF
IL 471008936
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Real Estate Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,557.00
$4,296.42/mo

Valuation Metrics

0
DSCR
5.16%
Cap Rate
5.16%
ROI

Map

Zoning

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C-5 CommercialCore CommercialSecondary Central Business
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View all 33 uses
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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Leah Erickson
License
475.204597
Brokerage
Coldwell Banker Commercial Real Estate Group
Brokerage Phone
630-553-9000
Title
Commercial Broker
Brokerage Address
38 Countryside Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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