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Industrial Land with Highway Visibility
For Sale
$560,000

Lot 10 Keene Parkway, Belvidere, IL 61008

Industrial land in an Enterprise Zone with incentive-driven tax reduction and building permit savings for qualifying projects.

Property SizeContact for details
Days on Market1031

Property Features for Lot 10 Keene Parkway

General Information

Standard status Active
Property subtype Lots/Land

Taxes and HOA fees

Annual Taxes $651
Listing Agency: Hometown Realty, Ltd.
Listed By: Thomas Jurs · License #471009753
Source: Exitrealty
Added: Nov 9, 2023 Changed: Sep 1 Last Checked: Sep 4 at 12:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hometown Realty, Ltd.

Investment Insights

Based on property information with market context.

This is an industrial land opportunity offered for sale at Lot 10 Keene Pkwy, BELVIDERE, IL 61008. The property is located in an Enterprise Zone, with stated tax reduction incentives of 80% in year 1, 60% in year 2, 40% in year 3, and 20% in year 4. The seller also notes that the building permit is half off, along with no sales tax on building materials for qualifying purchases.

The property is described as having high visibility to Hwy 20. Please see the brochure for additional details related to the incentives and any qualifying requirements.

Key Highlights

  • Industrial land located in an Enterprise Zone
  • Enterprise Zone incentives listed: 80% tax reduction in year 1; 60% in year 2; 40% in year 3; 20% in year 4
  • Building permit offer listed as half off for qualifying projects

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

211
Businesses Nearby

Demographics for 61008, IL

33,747
Population
13,406
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
84.3 sq mi
ZIP Area
400
Density / Sq Mi
$75,833
Median Household Income
$38,509
Median Earnings
$953
Median Rent
$185,200
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - Industrial land in an Enterprise Zone with incentive-driven tax reduction and building permit savings for qualifying projects.
Where is this industrial land located?
The property is located at Lot 10 Keene Parkway Belvidere, IL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Industrial land located in an Enterprise Zone; Enterprise Zone incentives listed: 80% tax reduction in year 1; 60% in year 2; 40% in year 3; 20% in year 4; Building permit offer listed as half off for qualifying projects
More about this property
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