Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    20 And Town Hall Rd Belvidere, IL 61008

    Sponsored
    For Sale
    Contact for pricing

    Prime 10-acre industrial site, build-to-suit option.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 10-acre industrial land parcel presents a unique opportunity in Belvidere, Illinois. Located at the highly visible northwest corner of Chrysler Drive (Bypass 20) and Town Hall Road, this I-1 zoned property offers unparalleled access and visibility. Situated at a signalized intersection, it provides convenient entry to the Town Hall Industrial Park. The site boasts existing utilities and is strategically positioned less than five minutes from the I-90/Irene Road interchange to the west and ten minutes from the I-90/Genoa Road interchange to the east. This prime location benefits from significant traffic volume, with an estimated 4,000 trucks passing daily. The area is experiencing robust growth, with two 1.2 million square foot distribution facilities currently under construction nearby, projected to bring approximately 600 new jobs to the area. The property's land value is $2.25 per square foot. The seller is open to both outright sale and build-to-suit options, making this an ideal location for a variety of industrial developments. The property's Parcel Identification Number (PIN) is 05-33-400-006. This is a rare opportunity to acquire a premier industrial site in a thriving location.

    Property Features for 20 And Town Hall Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • Owner will build‑to‑suit or sell the land.
    • All utilities are available at the site.
    • High‑visibility corner lot at the entrance to Town Hall Industrial Park.
    • Less than 5 minutes to I‑90/Irene Rd. interchange and 10 minutes to I‑90/Genoa Rd. interchange.
    • Two 1.2 million square foot distribution centers are under construction nearby.
    • New development will generate an estimated 600 jobs and 4,000 daily truck trips.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Belvidere
    County
    Boone
    State
    Illinois
    Longitude
    -88.8808228
    Latitude
    42.2393947

    Nearby Comparable

    • $1,250,000
      7,767 SF

      Veterinary Clinic Investment Opportunity

      Profitable veterinary clinic with a strong reputation and growth potential.
      3335 Grant Hwy, Belvidere, IL 61008
      View Details
    • $158,558

      Industrial Land Site For Sale

      1.82 ac heavy industrial land with Enterprise Zone benefits.
      3792 Morreim Dr, Belvidere, IL 61008
      View Details
    • $819,883

      Belvidere Industrial Land for Sale

      Industrial land near Chrysler plant with rail access and incentives.
      1408 Crosslink Pkwy, Belvidere, IL 61008
      View Details
    • $852,673

      Belvidere Industrial Land for Sale

      Industrial land near Chrysler plant with rail access and incentives.
      1425 Crosslink Pkwy, Belvidere, IL 61008
      View Details
    • $35,764

      Belvidere Industrial Land for Sale

      Industrial land with utilities, rail access, and tax abatement.
      Crosslink Pkwy, Belvidere, IL 61008
      View Details
    • Contact for pricing
      90,000 SF

      Cross-Docked Industrial Building

      90,000 SF industrial building with cross-docking and highway access.
      795 Landmark Dr, Belvidere, IL 61008
      View Details
    • $2,780,000
      15,100 SF

      Fully Occupied Retail Building

      15,000 SF retail building, part of shopping center.
      342-372 W Chrysler Dr, Belvidere, IL 61008
      View Details
    • $460,000
      5.25 Acres

      Prime Belvidere Development Land

      5.25 Acres, I-90 Exposure, Flexible Zoning
      0 42°14'07.8"N, Belvidere, IL 61008
      View Details

    Nearby Similar for Sale

    • $475,000
      1,000 SF

      Mixed-Use Property in Downtown Belvidere

      Mixed-use property with bar, kitchen, and residential lofts.
      522 S State St, Belvidere, IL 61008
      View Details
    • $1,250,000
      7,767 SF

      Veterinary Clinic Investment Opportunity

      Profitable veterinary clinic with a strong reputation and growth potential.
      3335 Grant Hwy, Belvidere, IL 61008
      View Details
    • $291,900

      New Construction Luxury Townhome

      Modern townhome with open layout, gourmet kitchen, and flexible spaces.
      880 Fuller Ln, Belvidere, IL 61008
      View Details
    • $279,900

      New Townhome with Modern Amenities

      Newly constructed townhome featuring modern design, open layout, and convenient location.
      586 Fuller Ln, Belvidere, IL 61008
      View Details
    • $276,900
      1,435 SF

      New Townhome with Modern Amenities

      Newly constructed townhome featuring modern design, open layout, and convenient location.
      542 Fuller Ln, Belvidere, IL 61008
      View Details
    • $276,900
      1,435 SF

      New Construction Townhome with Upgrades

      New construction townhome featuring modern design, open layout, and premium finishes.
      552 Fuller Ln, Belvidere, IL 61008
      View Details
    • Contact for pricing
      90,000 SF

      Cross-Docked Industrial Building

      90,000 SF industrial building with cross-docking and highway access.
      795 Landmark Dr, Belvidere, IL 61008
      View Details
    • $2,780,000
      15,100 SF

      Fully Occupied Retail Building

      15,000 SF retail building, part of shopping center.
      342-372 W Chrysler Dr, Belvidere, IL 61008
      View Details
    • $795,000
      19,745 SF

      Belvidere Office Building For Sale

      Office building in Belvidere, Illinois, with scheduled income.
      130 State St S, Belvidere, IL 61008
      View Details
    • Contact for pricing

      Retail Property in Belvidere, IL

      Retail property available for sale in Belvidere, Illinois.
      311 Logan Ave, Belvidere, IL 61008
      View Details
    • $299,000
      2,200 SF

      Belvidere Mixed-Use Investment

      100% Leased, Two-Story Building, High Return
      506 State St, Belvidere, IL 61008
      View Details

    FAQs

    What type of property is this?
    Land - Prime 10-acre industrial site, build-to-suit option.
    Where is this land located?
    The property is located at 20 And Town Hall Rd Belvidere, IL.
    What are key features of this property?
    This property features: Owner will build-to-suit or sell the land.; All utilities are available at the site.; High-visibility corner lot at the entrance to Town Hall Industrial Park.
    Request Owner's contact information
    20 And Town Hall Rd Belvidere, IL 61008
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20 And Town Hall Rd
    Belvidere, IL 61008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 And Town Hall Rd Belvidere, IL 61008
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.