1150 N State St Belvidere, IL 61008

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.