Lot 2 Chrysler Drive Belvidere, IL 61008

Listing office Hometown Realty, Ltd. t***@gmail.com Show Phone

Listing date Jun 29, 2023

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Investment Insights

Based on property information with market context.

This land benefits from its location within an Enterprise Zone, offering substantial tax incentives. Specifically, the property qualifies for an 80% tax reduction in the first year, followed by a 60% reduction in the second year, 40% in the third year, and 20% in the fourth year. Furthermore, building permits are offered at half price, and there is no sales tax on building materials. The property also offers high visibility to Highway 20.

Key Highlights

• Located in Enterprise Zone offering significant tax breaks: 80% reduction in year 1, decreasing to 20% in year 4.
• Building permit offered at half price.
• No sales tax on building materials.

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FAQs

What type of property is this?

Land - Land in Enterprise Zone with significant tax reduction benefits.

Where is this land located?

The property is located at Lot 2 Chrysler Drive Belvidere, IL.

What is the asking price?

The asking price for this property is $330,000.

What are key features of this property?

This property features: Located in Enterprise Zone offering significant tax breaks: **80% reduction in year 1**, decreasing to 20% in year 4.; Building permit offered at half price.; No sales tax on building materials.