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    130 State St S Belvidere, IL 61008

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    For Sale
    $795,000

    Office building in Belvidere, Illinois, with scheduled income.

    Property size:
    19,745 SF
    Lot size:
    1.29 Acres

    Property Features for 130 State St S

    General Information

    Size
    19,745 SF
    Lot size
    1.29 Acres

    Source: Dickerson Nieman Commercial Agent George Licari

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

    Overview

    Belvidere Office Building For Sale

    This office building is located in Belvidere, Illinois. The property encompasses a total area of 19,745 square feet. The real estate taxes for 2023 were $19,285.46. The scheduled income for the property is $199,400.00.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Russell J. Luchtenburg, ... Attorney David H Towns ... Attorney UAW Legal Services ... Attorney PNC Bank Bank Chris Cook - Thrivent Financial Planner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Belvidere
    County
    Boone
    State
    Illinois
    Longitude
    -88.8414858
    Latitude
    42.2584988

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    FAQs

    What type of property is this?
    Office building - Office building in Belvidere, Illinois, with scheduled income.
    Where is this office building located?
    The property is located at 130 State St S Belvidere, IL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Scheduled Income: $199,400.00; - Real Estate Taxes (2023): $19,285.46
    (815) 978-4534
    Request Owner's contact information
    130 State St S Belvidere, IL 61008
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    Belvidere, IL 61008
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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
    130 State St S Belvidere, IL 61008
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