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Walmart-Facing Retail Strip Center
For Lease
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2294 Gateway Center Dr, Belvidere, IL 61008

Retail space within a strip center with signage on US Hwy. 20 and exposure facing a Walmart.

Space Size2,400 SF
Days on Market1480

Property Features for 2294 Gateway Center Dr

General Information

Standard status Active
Size 2,400 SF
Property subtype RETAIL

Site & Location

Highway Access Yes
Road Access Yes

Spaces For Lease

at 2294 Gateway Center Dr
2,400 SF available for lease AVAILABLE
Size 2,400 SF
Type RETAIL
Rate Contact for pricing
Lease Type NET_NNN
Walmart shadow anchored 13,400 SF strip center Situated at the SE corner of Chrysler Dr. (US Hwy. 20) and Genoa Rd with signage on Hwy. 20 and facing Walmart Nearby retailers and businesses include Applebees, Starbucks, Aaron’s, Midland States Bank, Physicians Immediate Care, Verizon, and OSF Healthcare, with Taco Bell opening 2023 Minutes away from Boone County schools and residential neighborhoods Just north of I-90 / Genoa Rd. exit Part of 350,000 population Rockford MSA Low Boone County taxes
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Listing Agency: CBRE, INC.
Listed By: Karen Walsh · License #471015351
Source: Moodyscre
Added: Oct 11, 2022 Changed: Oct 25 Last Checked: Oct 28 at 10:49AM

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 CBRE, INC.

Rey
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Investment Insights

Based on property information with market context.

This Walmart shadow-anchored retail strip center offers available retail space in a commercial setting designed for day-to-day shopping and services. The property includes signage on US Hwy. 20 and is positioned to face Walmart.

The center is located at the SE corner of Chrysler Dr. (US Hwy. 20) and Genoa Rd. Nearby retailers and businesses include Applebee’s, Starbucks, Aaron’s, Midland States Bank, Physicians Immediate Care, Verizon, and OSF Healthcare, with Taco Bell slated to open in 2023. The property is just north of the I-90 / Genoa Rd. exit and is minutes from Boone County schools and surrounding residential neighborhoods.

The center is situated within the Rockford MSA, part of a larger 350,000 population area, and is noted for low Boone County taxes.

Key Highlights

  • Walmart shadow‑anchored 13,400 SF strip center
  • SE corner location at Chrysler Dr. (US Hwy. 20) and Genoa Rd with signage on Hwy. 20
  • Center faces Walmart for retail exposure

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm Hair Salon Building Supply 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.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

152
Businesses Nearby
128k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 57% Dining 24% Shops & Services 13% Electronics 4%
Walmart Superstores
72,772 visits/mo 0.1 miles
Starbucks Dining
19,313 visits/mo 0.2 miles
Murphy USA Shops & Services
16,434 visits/mo 0.2 miles
Taco Bell Dining
6,002 visits/mo 0.2 miles
Applebee's Dining
5,534 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Strip mall - Retail space within a strip center with signage on US Hwy. 20 and exposure facing a Walmart.
Where is this strip mall located?
The property is located at 2294 Gateway Center Dr Belvidere, IL.
What are key features of this property?
This property features: Walmart shadow‑anchored 13,400 SF strip center; SE corner location at Chrysler Dr. (US Hwy. 20) and Genoa Rd with signage on Hwy. 20; Center faces Walmart for retail exposure
(815) 218-3438 Call to check price and availability
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