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    122-128 S State St Belvidere, IL 61008

    For Lease
    Contact for pricing

    25,310 SF retail space in Belvidere's central business district.

    Property size:
    25,310 SF
    Lot size:
    4.32 Acres

    Property Features for 122-128 S State St

    General Information

    Size
    25,310 SF
    Lot size
    4.32 Acres

    Source: GAMBINO REALTORS-Rkfd Agent Jennifer Berry

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

    Overview

    Retail Space in Belvidere Center

    This property features a 25,310 square foot retail space within a 63,000 square foot shopping center. The location is in the central business district of Belvidere, along its primary retail corridor. The property provides convenient access to South State Street and includes ample parking. The shopping center is anchored by national tenants, including Dollar General and Planet Fitness.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Landmark Plaza, Riverside Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Belvidere
    County
    Boone
    State
    Illinois
    Longitude
    -88.844069
    Latitude
    42.2597526

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    FAQs

    What type of property is this?
    Shopping center - 25,310 SF retail space in Belvidere's central business district.
    Where is this shopping center located?
    The property is located at 122-128 S State St Belvidere, IL.
    What are key features of this property?
    This property features: - 25,310 square foot retail space in Belvidere's central business district.; - Anchored by national tenants **Dollar General and Planet Fitness.**; - Located along Belvidere's primary retail corridor.
    (815) 871-6156
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    122-128 S State St 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
    122-128 S State St Belvidere, IL 61008
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