Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1667 Belvidere Rd Belvidere, IL 61008

    Sponsored
    Picture of Office space at Belvidere Rd 1667, Belvidere, IL
    For Lease
    Contact for pricing

    COMMERCIAL - Belvidere, IL

    Type:Office
    Days on Market:
    1
    Last Refresh:
    Jan 21 at 9:06 am

    Property Features for 1667 Belvidere Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Floors in Building
    2
    Number of units
    1
    Building materials
    Concrete

    We can help!

    Listing Contact
    John Higgins

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2411 [email protected]

    Listing agent John Higgins (630) 844-2222

    Listing date Jan 21, 2026

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    High-Traffic Belvidere Commercial Location

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

    Current Use by Public Records

    Amy Adams, APN Psychiatrist Brightside Recovery Addiction ... Addiction Treatment Center Suboxone Doctors Rockford ... Counselor

    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

    Nearby Similar for Lease

    • Contact for pricing

      High-Traffic Belvidere Commercial Space

      Highly visible commercial space near I-90 and local amenities.
      1663 Belvidere Rd, Belvidere, IL 61008
      View Details
    • Contact for pricing
      13,400 SF

      Belvidere Retail Space For Lease

      High-traffic retail space, excellent visibility.
      2294 Gateway Center Dr, Belvidere, IL 61008
      View Details
    • Contact for pricing
      25,310 SF

      Retail Space in Belvidere Center

      25,310 SF retail space in Belvidere's central business district.
      122-128 S State St, Belvidere, IL 61008
      View Details
    • Contact for pricing
      117,000 SF

      Belvidere Industrial Building Opportunity

      Proposed 117,000 SF industrial building near Stellantis Assembly Plant.
      984 Landmark Dr, Belvidere, IL 61008
      View Details
    • $1,450,000
      13,260 SF

      Retail Space in Belvidere Center

      High-traffic retail space available in Belvidere, Illinois shopping center.
      390 W Chrysler Dr, Belvidere, IL 61008
      View Details
    • $15 SF/Yr
      1,400 SF

      Retail Space with Plumbing

      Retail space with open layout, plumbing, and storage.
      1100-1119 N State St, Belvidere, IL 61008
      View Details

    FAQs

    What type of property is this?
    Office space - Highly visible commercial space near US 20 and I-90.
    Where is this office space located?
    The property is located at 1667 Belvidere Rd Belvidere, IL.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of US 20 and Belvidere Road with 33,450 vehicles passing daily.; - Excellent accessibility, less than a minute's drive from I-90.; - Proximity to healthcare facilities: UW Belvidere Health and UIC Shappert Health Center within 1.5 miles.
    (630) 844-2222
    Request Owner's contact information
    1667 Belvidere Rd Belvidere, IL 61008
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1667 Belvidere Rd
    Belvidere, IL 61008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1667 Belvidere Rd Belvidere, IL 61008
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Higgins
    (630) 844-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.