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    Redevelopment Opportunity in Belvidere, IL
    Updated: Mar 6, 2023
    Redevelopment Opportunity in Belvidere, IL

    1345 North State Street, Belvidere, IL 61008

    $850,000
    53,000 sqft 3.43 AC lot
    High traffic location on thoroughfare
    Redevelopment opportunity
    9.42% CAP rate
    Preliminary Holiday Inn Express plans available
    Existing infrastructure includes a car wash (6 bays), 15 room motel, and owners house
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Belvidere, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Landmark Mixed-Use Development Site
    Landmark Mixed-Use Development Site

    206 N Cook Street, Barrington, IL 60010

    $3,495,000
    2.01 AC lot

    Landmark downtown site with COMMR zoning, suited for hotel or mixed-use with street-level retail.

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    Mixed-Use Development Land
    Mixed-Use Development Land

    206 N Cook Street, Barrington, IL 60010

    $3,495,000
    2.01 AC lot

    Zoned COMMR, this 2.01-acre downtown Barrington site offers flexibility for retail and residential uses.

    View details
    Renovated 65-Room Hotel with Indoor Pool
    Renovated 65-Room Hotel with Indoor Pool

    2235 173rd Place, Lansing, IL 60438

    $3,399,900
    56,192 sqft 1.29 AC lot

    Renovated 1996 hotel with indoor pool, covered entry, and ample parking—well suited for hospitality operators.

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    Branded Hotel with Updated Interiors
    Branded Hotel with Updated Interiors

    2255 173rd Street, Lansing, IL 60438

    $3,339,900
    48,352 sqft 1.11 AC lot

    A 4-story Sleep Inn offering 69 rooms on a B-2 zoned site, renovated in 2014.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Zoned Commercial General Development Land
    Zoned Commercial General Development Land

    N Main Street, Rockton, IL 61072

    $550,000
    13.20 AC lot

    Commercially zoned acreage near Red Barn Golf Course and nearby housing, offering flexibility for a range of business uses.

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    Commercial Land in Rockton, IL
    Commercial Land in Rockton, IL

    N Main, Rockton, IL 61072

    $550,000
    13.20 AC lot

    13.2 acres of commercial land near downtown Rockton.

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    Commercial Land with Lake Frontage
    Commercial Land with Lake Frontage

    4.73AC 59 Highway, Antioch, IL 60002

    $430,000
    4.73 AC lot

    4.73 acres of commercial land with B-3 zoning.

    View details
    Homer Glen Commercial Land
    Homer Glen Commercial Land

    15551 W 143RD Street, Homer Glen, IL 60491

    $4,900,000
    14.00 AC lot

    14 acres in Homer Glen, signaled intersection, high-end commercial development.

    View details

    Belvidere, IL Hotels Market Trends and Statistics

    Explore 1 hotels for sale in Belvidere, IL on our real estate platform. These investment opportunities span a total of 53,000 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for resorts in Belvidere, IL start at $850,000, averaging $850,000, and reaching up to $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1

    Demographics Overview

    Population 34K
    Population Growth (5Y) -1.7%
    Median Household Income $75,833
    College Educated 28.8%

    High-Yield Neighborhoods for Investment

    Identify Belvidere submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61008 $850K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Belvidere fall within the 50,000 to 100,000 square foot range.

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