Property profile

I-90 & Town Hall Belvidere, IL 61008

OFF-MARKET
Land
160 ac lot
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Property summary

AI-generated overview

This exceptional 160-acre commercial land parcel presents a significant investment opportunity in Boone County, Illinois. Strategically located just south of Belvidere city limits, this property boasts approximately 2,746 feet of frontage on I-90, directly west of the I-90/Irene Road interchange, ensuring high visibility and accessibility. The site benefits from exceptional daily traffic counts of 24,000 vehicles on I-90, making it ideal for a variety of commercial developments. Situated in unincorporated Belvidere, the property's location offers advantages in terms of zoning and development potential. The land is conveniently located approximately 27 miles from Downtown Rockford, providing access to a larger regional market. The property includes two PIN numbers: 07-04-300-002 and 07-04-400-001. Annual property taxes are $4,797. The asking price is $7,200,000, representing a price per acre of $45,000. This prime location and substantial acreage offer unparalleled potential for significant return on investment. Contact us today for further details and to explore the possibilities.

Property profile

Verified
Property type Land
Lot 160 ac (6,969,600 SF)

Cap rate & NOI

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

Location

I-90 & Town Hall 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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