Property profile

0 42°14'07.8"N Belvidere, IL 61008

OFF-MARKET
Land
5.25 ac lot
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Property summary

AI-generated overview

This exceptional 5.25-acre commercial and industrial land parcel presents a unique investment opportunity in Belvidere, Illinois. Located at the highly visible northeast corner of Pearl Street and Service Road, this property boasts unparalleled visibility and accessibility due to its proximity to I-90. The flexible commercial/industrial zoning allows for a wide range of development possibilities, catering to diverse business needs. Utilities are readily available in the immediate vicinity, simplifying infrastructure development. The site's strategic location offers significant advantages, placing it just minutes away from the Belvidere Stellantis Assembly Plant, creating potential for synergistic business development and attracting a strong workforce. The asking price for this prime development land is $460,000. This rare opportunity combines prime location, flexible zoning, and excellent accessibility, making it an ideal investment for developers and businesses seeking a strategic foothold in a thriving industrial area. The property's address is precisely 42°14'07.8"N 88°50'28.3"W, within Boone County, Illinois, zip code 61008. The site's significant acreage and strategic location make it a compelling prospect for a variety of commercial and industrial ventures.

Property profile

Verified
Property type Land
Lot 5.25 ac (228,690 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

42°14'07.8"N Belvidere, IL 61008
Belvidere metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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