Listing Agency: CBRE k***@cbre.com Show Phone

Listed By: Karen Walsh · License #IL 471015351

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 1:23PM

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Investment Insights

Based on property information with market context.

This office building in Belvidere, Illinois, contains 19,294 SF and is offered for sale. The property is associated with an 8.75% CAP, providing a concise view of its reported investment profile.

The address is 1663 Belvidere Rd, Belvidere, IL 61008.

Key Highlights

• 19,294 SF office building
• 8.75% CAP
• Located at 1663 Belvidere Rd, Belvidere, IL 61008

Property Analytics

Property Profile

Current Use

Dr. John J. ... Physician Belvidere Clinic Physician Dr. Terry L. ... Pediatrician Dr. Alpa Boshku, ... Pediatrician PIC Clinic Occupational Health Service

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Big Box & Wholesale Store Spa & Massage Center Kitchen & Bath Showroom

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

216

Businesses Nearby

Explore this area Business Placement

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Office building offered for sale with a stated capitalization rate.

Where is this office building located?

The property is located at 1663 Belvidere Rd Belvidere, IL.

What are key features of this property?

This property features: 19,294 SF office building; 8.75% CAP; Located at 1663 Belvidere Rd, Belvidere, IL 61008