Mixed-Use Redevelopment Site At Stop-Lit Intersection
No Longer Available For Sale
Columbus St. Redevelopment
40,100 SF
Redevelopment Site
The Details
- 40,100 SF redevelopment site
- 216’ of frontage on Columbus
- Highly visible site at stoplit intersection
- Potential to develop a retail/residential mixed-use property on the site
- Across from Jefferson Elementary
- Potential to expand site to a total of 86,490 SF, extending south to Norris
- City-backed re-zoning plan
- Part of pending Enterprise Zone
- Traffic Count: 18,300 cars daily
- Total Taxes (2013): $74,058
At the stoplit intersection of Deleon and Columbus, this 40,100 square foot redevelopment site features 216’ of frontage. The site is currently used as several rental houses as well as commercial space – all of which are currently leased. Under a city-backed rezoning plan, the site could support a mixed-use development with retail and residential. Millennium can also assist in extending the redevelopment site along Columbus to Norris, adding up to 46,390 square feet.
Located 70 miles southwest of Chicago, Ottawa is a growing community along the Illinois River with a historic downtown. Columbus St. is a major thoroughfare, serving as the main artery for residents going to I-80. Columbus and Norris is the most highly trafficked intersection in LaSalle County.