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    3331 Belvidere Rd Park City, IL 60085

    For Sale
    $2,575,000

    Fully occupied retail property in Park City, Illinois for sale.

    Property size:
    14,868 SF
    Lot size:
    1.38 Acres

    Property Features for 3331 Belvidere Rd

    General Information

    Size
    14,868 SF
    Lot size
    1.38 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Isaiah Harf

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

    Overview

    Park City Retail Investment Opportunity

    This 14,868 square foot retail property is located on Belvidere Road in Park City, Illinois, within Lake County. The property is 100% occupied with a strong tenant mix of local and national businesses, demonstrating strong tenant performance. Situated in a highly trafficked retail corridor, the location benefits from excellent local and regional access. The property is located within an expanding cannabis market in a limited licensure state, offering little competition in the submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Lake
    State
    Illinois
    Longitude
    -87.8833586
    Latitude
    42.3472865

    Nearby Similar for Sale

    • $3,065,680
      14,868 SF

      Triple-Net Leased Retail Portfolio

      Illinois Retail Investment, 100% Occupied
      3331 Belvidere Rd, Park City, IL 60085
      View Details
    • $688,500
      3,060 SF

      Park City Medical Office Building

      Profitable Medical Office in IL
      351 Greenleaf St, Park City, IL 60085
      View Details

    FAQs

    What type of property is this?
    Strip mall - Fully occupied retail property in Park City, Illinois for sale.
    Where is this strip mall located?
    The property is located at 3331 Belvidere Rd Park City, IL.
    What is the asking price?
    The asking price for this property is $2,575,000.
    What are key features of this property?
    This property features: - 100% Occupied with Strong Tenant Performance; - Strong Tenant Mix of Locals/Nationals; - Excellent Local and Regional Access in Highly Trafficked Retail Corridor
    (312) 240-0127
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    3331 Belvidere Rd Park City, IL 60085
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    Park City, IL 60085
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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
    3331 Belvidere Rd Park City, IL 60085
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