Property profile

0 Logan Sq Belvidere, IL 61008

OFF-MARKET
Retail properties & Spaces
0.99 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Lot 0.99 ac (43,124 SF)

Cap rate & NOI

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

Location

Logan Sq 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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