Listing provided courtesy of Heritage Select RealtyMREDas Distributed by MLSGrid- MLS# 12628029MLS Provider

200 Great Loop DriveOttawa, IL 61350

Commercial · 3 Beds
$4,650,000 Active

200 Great Loop Drive Overview

Time on Site:
62 days
Visits:
0

Exceptional opportunity to acquire a 16-unit portfolio comprised of four newer four-unit buildings, each situated on its own separate lot and PIN within Heritage Harbor in Ottawa, Illinois. Built in 2023, these properties offer modern construction with durable, low-maintenance materials designed for efficient ownership and long-term performance. All units are fully furnished and turnkey, with each unit individually metered for utilities-supporting clean operations and flexible rental management. The buildings are well-positioned to serve a range of rental uses, including short-term vacation stays, weekend getaways, group accommodations, corporate housing, and longer-term tenancy. Thoughtful design elements such as inviting front porches and convenient rear parking enhance the overall guest and resident experience, while two of the buildings capture attractive water and sunset views. Located within Heritage Harbor, a growing marina resort community along the Illinois River, the portfolio benefits from a setting designed around lifestyle and recreation. Owners and guests enjoy access to amenities including a pool, fire pits, activity cabins, open green space, marina access, boat rentals, and on-site dining and entertainment. Ongoing investment and expansion within the resort continue to increase visibility, traffic, and overall appeal. On-site management through Harbor Inn supports consistent operations, while The Vue, a new 250-person event venue opening Fall 2026, reflects continued investment in the growth and evolution of the community. Beyond the resort itself, the property is positioned within the Starved Rock region-one of Illinois' most visited outdoor destinations. Located approximately 90 minutes from Chicago, the area draws consistent tourism with four state parks within a 15-minute drive, including Starved Rock State Park, known as the most visited state park in Illinois. The combination of natural beauty, recreation, and proximity to a major metro area supports year-round appeal. With scale, modern construction, and a location embedded within both a destination resort and a high-traffic tourism corridor, this portfolio presents a compelling opportunity for investors seeking stable income today with the ability to further refine and evolve the asset over time.

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200 Great Loop Drive Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Includes: Parking, Pool, Lawn Care, Other

Income/Expenses

  • Other Expense: 11616
  • Electric Expense: 21120
  • Fuel Expense: 0
  • Gross Income: 315783
  • Insurance Expense: 33888
  • Maintenance Expense: 0
  • Net Operating Income: 185751
  • Operating Expense: 130032
  • Trash Expense: 0
  • Water Sewer Expense: 9600

Building Information

  • Year Built: 2023

Business Information

  • Current Use: Multi-Family

Location/Region

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

Tax Information

  • Tax Annual Amount: $60,832.40
  • Tax Year: 2024

General Information

  • Parcel Number: 1544404077
  • Possible Use: Condominium,Multi-Family
  • Property Type: Commercial Sale

Interior

General Information

  • Basement: Finished, Unfinished
  • Cooling: Central Individual
  • Foundation Details: Concrete Perimeter
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 56x45x56x45
  • Water Source: Municipal Water

General Information

  • Number Of Units Total: 16
  • Utilities: Fiber

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 10

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 2
  • Units Total: 6

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

200 Great Loop Drive 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.

200 Great Loop Drive 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.

200 Great Loop Drive 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

200 Great Loop Drive History

Date Event Value Agent
5/3/2026Source: MRED Status Change
Active
4/28/2026Source: MRED Added to Database
April 28, 2026