Property profile

0 Irene & Hawkey Belvidere, IL 61008

OFF-MARKET
Land
12.92 ac lot
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Property summary

AI-generated overview

This exceptional 12.92-acre parcel of land presents a unique opportunity for light industrial development in Belvidere, Illinois. Located in Boone County, this property boasts a highly desirable Light Industrial District zoning designation, offering flexibility for a variety of commercial uses. The expansive lot size provides ample space for construction and potential expansion. Its strategic location offers convenient access to major transportation arteries, including Interstate 90/39, US Route 20, and nearby rail access, ensuring seamless logistics and efficient distribution networks. The asking price is $844,200, translating to a competitive price per acre of $65,341. With a total land area of 562,795 square feet, the price per square foot is $1.50. This property is situated at Irene & Hawkey, Belvidere, IL 61008, and presents a compelling investment opportunity for businesses seeking a strategic location within a thriving industrial corridor. The property's size and zoning make it suitable for a range of industrial projects, from warehousing and distribution to light manufacturing and assembly. Don't miss this chance to acquire a significant piece of commercial real estate in a prime location.

Property profile

Verified
Property type Land
Lot 12.92 ac (562,795 SF)

Cap rate & NOI

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

Location

Irene & Hawkey 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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