0 Irene & Hawkey, Belvidere, IL 61008
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.