0 Logan Sq, Belvidere, IL 61008
This exceptional commercial land opportunity in Belvidere, Illinois, presents a unique chance for retail or commercial development. Located on Logan Avenue, just east of Belvidere Road (Business 20), the property boasts a highly desirable location with excellent visibility and accessibility. The site ranges from 0.99 to 3 acres, offering flexibility for various development projects. The area is characterized by a strong mix of residential neighborhoods and established commercial businesses, including prominent retailers such as Blain's Farm & Fleet, Walmart, Applebee's, Subway, Starbucks, Aaron's, Midland States Bank, Verizon, and OSF Healthcare. This strategic location ensures high traffic volume and a substantial customer base. Benefit from low Boone County taxes and a competitive price point of $8.50 to $13.50 per square foot. The property's size and prime location make it an ideal investment for developers seeking a high-return opportunity in a thriving market. This is a rare chance to acquire a significant parcel of land in a rapidly growing area with strong potential for future appreciation. The property is situated in Boone County, Illinois, with a zip code of 61008. Don't miss this exceptional opportunity to build your next commercial venture.
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.