Ottawa, IL 61350 200 Great Loop Drive
$4,650,000



20 more




















Presented By: Heritage Select Realty
Home Details
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.
Presented By: Heritage Select Realty
Interior Features for 200 Great Loop Drive
Other Interior Features
BasementFinished, Unfinished
General for 200 Great Loop Drive
Additional Parcels Description1544404039, 1544404040, 1544404076
Additional Parcels Y/NYes
Association Fee IncludesParking, Pool, Lawn Care, Other
Cap Rate3.99
CityOttawa
CoolingCentral Individual
CountyLaSalle
Current UseMulti-Family
DirectionsFrom I-80, take Route 71 south. Turn south on N 2871st Rd / Old Chicago Rd. Turn east on N 2753rd Rd / Canal Rd. Turn south on Harbor View Dr. Turn east on Great Loop Drive.
Electric Expense21120
Fuel Expense
Gross Income315783
Insurance Expense33888
MLS AreaDanway / Dayton / Naplate / Ottawa / Prairie Center
MaintenanceExpense
Net Operating Income185751
Number Of Units Total16
Operating Expense130032
PossessionClosing
Possible UseCondominium, Multi-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount60832.4
Tax Year2024
TownshipRutland
Trash Expense0
UtilitiesFiber
Water Sewer Expense9600
Year Built2023
Exterior for 200 Great Loop Drive
Foundation DetailsConcrete Perimeter
Lot Dimensions56x45x56x45
Water SourceMunicipal Water
Additional Details
Price History
