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1150 N State St Belvidere, IL 61008

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For Sale
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Vacant retail building in Belvidere, Illinois, formerly a restaurant.

Property size:
3,111 SF
Lot size:
0.81 Acres

Property Features for 1150 N State St

General Information

Standard status
Active
Zoning
GB
Size
3,111 SF
Lot size
0.81 Acres

Building Details

Year built
2001

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Listing Contact
Philip Kates
Source: Crexi

Listing Agency: Marcus & Millichap - Fort Lauderdale Listing Agent: Philip Kates

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Belvidere Retail Building For Sale

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.
Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Belvidere
County
Boone
State
Illinois
Longitude
-88.8526685
Latitude
42.2679478

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 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 (\u00b116,155 VPD) and \u00b1282 feet of frontage.**; - Zoned GB (General Business District), allowing for a wide range of uses.
More about this property
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