Belvidere Retail Building For
1150 N State St, Belvidere, IL 61008
Vacant retail building in Belvidere, Illinois, formerly a restaurant.
Type:Retail
Property size:
3,111 SFLot size:
0.81 AcresPrice / SF:
$16/SF- Added:
- Jan 25, 2026
- Days on Market:
- 107
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1150 N State St
General Information
- Standard status
- Active
- Size
- 3,111 SF
- Lot size
- 0.81 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing agent Philip Kates License #FL 3235872
Listing office Marcus & Millichap - Fort Lauderdale
Listing date Jan 25, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Lauderdale
HighLights
- Offered significantly below replacement cost, presenting a value‑add opportunity.
- Strategically located with high visibility on N State Street (±16,155 VPD) and ±282 feet of frontage.
- Zoned GB (General Business District), allowing for a wide range of uses.
- Existing restaurant infrastructure in place.
- Located in a dense retail corridor surrounded by national retailers and QSRs.
- Located in Belvidere, IL, a growing commercial hub.
Overview
The property is a vacant, free-standing, ±3,111-square-foot retail building on ±0.81 acres in Belvidere, Boone County, Illinois. Constructed in 2001, the single-story building formerly operated as a KFC restaurant. It includes a surface parking lot with 31 spaces. The property is zoned GB (General Business District), accommodating a range of retail, service, and commercial uses. It has approximately 282 feet of frontage on N State Street, which experiences approximately 16,155 vehicles per day. The location is in a dense retail corridor with QSRs such as McDonald’s, Culver’s, Dairy Queen, Subway, Jimmy John’s, and Arby’s, along with national retailers like Aldi and Family Dollar. The surrounding 5-mile trade area contains approximately 35,340 residents with an average household income of approximately $87,020, while the 10-mile trade area expands to approximately 133,543 residents with an average household income of approximately $87,127. The local economy is supported by advanced manufacturing, healthcare, education, and retail sectors. Major transportation infrastructure includes I-90, U.S. Routes 20 and 51, and nearby rail service. The property presents an opportunity for owner-users or investors. Existing restaurant infrastructure supports immediate reuse, while zoning and visibility make it suited for retail repositioning or full redevelopment. Previously leased on a triple net (NNN) basis, the property offers a value-add opportunity to re-lease at market rents.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Belvidere
- County
- Boone
- State
- Illinois
- Longitude
- -88.8526685
- Latitude
- 42.2679478
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Vacant retail building in Belvidere, Illinois, formerly a restaurant.
Where is this restaurant located?
The property is located at 1150 N State St Belvidere, IL.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Offered significantly below replacement cost, presenting a value‑add opportunity.; Strategically located with **high visibility on N State Street (±16,155 VPD) and ±282 feet of frontage.**; Zoned GB (General Business District), allowing for a wide range of uses.
