1100 State St, Belvidere, IL 61008
This exceptional 27,640 square foot retail center, situated at 1100 N State St in Belvidere, Illinois, presents a prime leasing opportunity. Built in 1957 and extensively renovated in 2023, the single-story building boasts a convenient location on a 1.83-acre lot, zoned B-2. Multiple units are available, ranging from a minimum of 1,400 square feet to a maximum contiguous space of 6,300 square feet, ideal for a variety of retail, restaurant, or office uses. The property is conveniently located near the intersection of N State St and Harrison St, in Boone County (APN: 05-26-203-001). Join established tenants including Family Dollar, DeJuan Mexican Restaurant, 1-Stop Liquor Shop, and Sure Staff, in this thriving retail center. Belvidere, known as the "City of Murals," offers excellent access to Interstate 90 and US Highway 20, and is approximately 70 miles northwest of Chicago, within the Rockford Metropolitan area. This property offers a blend of established success and modern updates, making it an attractive investment for businesses seeking a strong presence in a growing community. The property features ample parking and is easily accessible for customers. The flexible space options cater to a wide range of business needs, providing an opportunity to establish or expand your presence in this vibrant 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.
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Risks
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