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

    342-372 W Chrysler Dr Belvidere, IL 61008

    For Sale
    $2,780,000

    15,000 SF retail building, part of shopping center.

    Property size:
    15,100 SF
    Lot size:
    2.69 Acres

    Property Features for 342-372 W Chrysler Dr

    General Information

    Size
    15,100 SF
    Lot size
    2.69 Acres

    Source: GAMBINO REALTORS-Rkfd Agent Jennifer Berry

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

    Overview

    Fully Occupied Retail Building

    This 15,000 square feet fully occupied retail building is part of a shopping center anchored by a regional grocer, Fiesta Market. The high-traffic center experiences 15,000 vehicles per day and faces Highway 20, with access from Pearl Street and Chrysler Drive. It is surrounded by strong residential development.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    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
    -88.8423098
    Latitude
    42.2394348

    Nearby Similar for Sale

    • $475,000
      1,000 SF

      Mixed-Use Property in Downtown Belvidere

      Mixed-use property with bar, kitchen, and residential lofts.
      522 S State St, Belvidere, IL 61008
      View Details
    • $1,250,000
      7,767 SF

      Veterinary Clinic Investment Opportunity

      Profitable veterinary clinic with a strong reputation and growth potential.
      3335 Grant Hwy, Belvidere, IL 61008
      View Details
    • $291,900

      New Construction Luxury Townhome

      Modern townhome with open layout, gourmet kitchen, and flexible spaces.
      880 Fuller Ln, Belvidere, IL 61008
      View Details
    • $291,900
      1,435 SF

      New Construction Luxury Townhome

      Modern townhome with open layout, gourmet kitchen, and maintenance-free living.
      882 Fuller Ln, Belvidere, IL 61008
      View Details
    • $279,900

      New Townhome with Modern Amenities

      Newly constructed townhome featuring modern design, open layout, and convenient location.
      586 Fuller Ln, Belvidere, IL 61008
      View Details
    • $279,900
      1,435 SF

      New Townhome with Modern Amenities

      Newly built townhome featuring modern design, open layout, and convenient location.
      588 Fuller Ln, Belvidere, IL 61008
      View Details

    FAQs

    What type of property is this?
    Shopping center - 15,000 SF retail building, part of shopping center.
    Where is this shopping center located?
    The property is located at 342-372 W Chrysler Dr Belvidere, IL.
    What is the asking price?
    The asking price for this property is $2,780,000.
    What are key features of this property?
    This property features: - High Traffic Location: 15,000 vehicles per day.; - Anchored by Regional Grocer: Fiesta Market.; - Fully Occupied Retail Building.
    (815) 871-6156
    Request Owner's contact information
    342-372 W Chrysler Dr 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.
    342-372 W Chrysler Dr
    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 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
    342-372 W Chrysler Dr 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
    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.