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814-820 La Salle St 30,000 SF 100% Leased Retail Building Ottawa, IL 61350 $628,024 CAD ($20.93 CAD/SF) 13.34% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in downtown Ottawa
- Funding sources may be available to assist in rehab of property
- Historic property
EXECUTIVE SUMMARY
Future projected market value of this historic property, once fully rehabbed, is estimated at $2,100,000. Currently, there are three tenants on the ground level. Future projected NOI is $252,720. Capped at 12.0% equates to the future market value of $2,100,000. Current estimate is approximately $1,000,000 to fully rehab this property, including a new roof, upgraded elevator, basement upgrade and second floor upgrade. The third floor, where some mechanicals are located, could possibly offer additional value if rehabbed. There are possible funding sources available from the TIF District, Enterprise Zone, Facade Improvement Program and Historic Restoration Project.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$145,384
|
$4.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$145,384
|
$4.85
|
| Taxes |
$25,974
|
$0.87
|
| Operating Expenses |
$27,918
|
$0.93
|
| Total Expenses |
$53,892
|
$1.80
|
| Net Operating Income |
$91,491
|
$3.05
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $145,384 |
| Annual Per SF | $4.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $145,384 |
| Annual Per SF | $4.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,974 |
| Annual Per SF | $0.87 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,918 |
| Annual Per SF | $0.93 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,892 |
| Annual Per SF | $1.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,491 |
| Annual Per SF | $3.05 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
30,000 SF
Building Class
C
Year Built
1960
Price
$628,024 CAD
Price Per SF
$20.93 CAD
Cap Rate
13.34%
NOI
$83,755 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.30 AC
Zoning
C-3 - Commercial use
Parking
5 Spaces (0.17 Spaces per 1,000 SF Leased)
Frontage
100’ on LaSalle
AMENITIES
- 24 Hour Access
- Restaurant
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- More on Main
- Retailer
- 1,900 SF
- -
- Modified Gross
- Nov 2029
- RPS Toys
- Retailer
- 2,400 SF
- -
- Modified Gross
- Oct 2025
- Tangled Roots Brewing Company
- Retailer
- 5,320 SF
- -
- Modified Gross
- Jun 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| More on Main | Retailer | 1,900 SF | - | Modified Gross | Nov 2029 | |
| RPS Toys | Retailer | 2,400 SF | - | Modified Gross | Oct 2025 | |
| Tangled Roots Brewing Company | Retailer | 5,320 SF | - | Modified Gross | Jun 2027 |
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-11-241002 | Total Assessment | $253,485 CAD |
| Land Assessment | $68,368 CAD | Annual Taxes | $25,974 CAD ($0.87 CAD/SF) |
| Improvements Assessment | $185,117 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
21-11-241002
Land Assessment
$68,368 CAD
Improvements Assessment
$185,117 CAD
Total Assessment
$253,485 CAD
Annual Taxes
$25,974 CAD ($0.87 CAD/SF)
Tax Year
2024
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814-820 La Salle St
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