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    OFF-MARKET
    Land

    5 Landmark Dr, Belvidere, IL 61008

    4.64 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.64-acre commercial lot, designated as Lot 5 within the Landmark Logistics Park in Belvidere, Illinois, presents a unique investment opportunity. Located at 5 Landmark Drive, Boone County, zip code 61008 (APN 0533200019), this shovel-ready site is zoned I1 and offers convenient access to key transportation arteries, including Route 20 bypass, I-90/39, and the Chicago/Rockford International Airport, as well as proximity to UP Rail. The property boasts a list price of $404,237, translating to $87,120 per acre. With a total land area of 202,118 square feet, this lot is one of only two remaining in the newer Landmark Logistics Park, situated off Newburg Road in a solid industrial area. The developer/builder ownership ensures efficient and reliable construction estimates, making this an ideal site for a build-to-suit project, available for sale or lease. Furthermore, this location qualifies for Enterprise Zone incentives.

    Property profile
    Verified
    Property type Land
    Lot 4.64 ac (202,118 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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