Lot 2 Chrysler Drive Belvidere, IL 61008
- Added:
- Jun 14, 2023
- Days on Market:
- 1038
- Last Refresh:
- Mar 13 at 3:19 pm
Property Features for Lot 2 Chrysler Drive
General Information
- Standard status
- Active
- Property subtype
- Land
Listing agent Thomas Jurs License #471009753 (847) 702-9641
Listing office Hometown Realty, Ltd. (847) 702-9641
Listing date Jun 14, 2023
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Hometown Realty, Ltd.
Overview
Land with Tax Incentives
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.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Belvidere
- County
- Boone
- State
- Illinois
- Longitude
- -88.841312
- Latitude
- 42.239638
Nearby Similar for Sale
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.
