Enterprise Zone Commercial
For Sale
$280,000
Lot 4 E Chrysler Dr, Belvidere, IL 61008
Commercial land with Enterprise Zone incentives and visibility toward Hwy 20.
Property SizeContact for details
Days on Market777
Property Features for Lot 4 E Chrysler Dr
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$68
Listing Agency:
Hometown Realty, Ltd.
(847) 702-9641
Listed By:
Thomas Jurs · License #471009753
(847) 702-9641
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 30
Last Checked: Aug 30 at 12:56PM
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 commercial land offering is located within an Enterprise Zone and carries several stated development incentives. The property is identified as Lot 4 on E Chrysler Dr in Belvidere, Illinois, with visibility toward Hwy 20.
The incentive schedule provides an 80% tax reduction in year 1, followed by reductions of 60% in year 2, 40% in year 3, and 20% in year 4. Building permits are offered at half the standard cost, and building materials are exempt from sales tax. The site is designated as commercial land and is offered for sale.
The incentive schedule provides an 80% tax reduction in year 1, followed by reductions of 60% in year 2, 40% in year 3, and 20% in year 4. Building permits are offered at half the standard cost, and building materials are exempt from sales tax. The site is designated as commercial land and is offered for sale.
Key Highlights
- Enterprise Zone designation with tax reductions of 80% in year 1, 60% in year 2, 40% in year 3, and 20% in year 4
- Visibility toward Hwy 20
- Building permits offered at half the standard cost
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
225
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with Enterprise Zone incentives and visibility toward Hwy 20.
Where is this commercial land located?
The property is located at Lot 4 E Chrysler Dr Belvidere, IL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Enterprise Zone designation with tax reductions of 80% in year 1, 60% in year 2, 40% in year 3, and 20% in year 4; Visibility toward Hwy 20; Building permits offered at half the standard cost
