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    1663 Belvidere Rd Belvidere, IL 61008

    For Lease
    $22 SF/Yr

    Commercial Lease - Belvidere, IL

    Days on Market:
    257
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 1663 Belvidere Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Number of units
    3
    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent John Higgins (815) 553-2406 License #475152896

    Listing date Apr 2, 2025

    MLS# 12023935 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Belvidere Retail Space For Lease

    Located at the intersection of US 20 (Grant Hwy) and Belvidere Road, this retail space benefits from high visibility and traffic. The location is less than a minute's drive from I-90. Several educational institutions are nearby, including Belvidere High School, South Middle School, and Meegan Elementary School, all within 0.5 miles. UW Belvidere Health and UIC Shappert Health Center are within 1.5 miles. The property experiences a daily traffic count of 33,450 vehicles. Completed and ongoing developments are located nearby, including McDonalds, Speedway Truckstop & Cafe and Manga Exteriors Warehouse.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. John J. ... Doctor Belvidere Clinic Doctor Dr. Terry L. ... Family Practice Physician Dr. Alpa Boshku, ... Family Practice Physician PIC Clinic Occupational Health Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belvidere
    County
    Boone
    State
    Illinois
    Longitude
    -88.8229088
    Latitude
    42.2415187

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      Retail Space with Plumbing

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    FAQs

    What type of property is this?
    Retail space - Highly visible retail space in Belvidere, Illinois, for lease.
    Where is this retail space located?
    The property is located at 1663 Belvidere Rd Belvidere, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location: 33,450 vehicles pass by daily; - Excellent visibility at the intersection of US 20 and Belvidere Road; - Convenient access: Less than a minute's drive from I-90
    (815) 553-2406
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1663 Belvidere Rd Belvidere, IL 61008
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