1905 Logan Ave, Belvidere, IL 61008
This exceptional commercial development opportunity presents multiple land sites ranging from 0.99 to 3 acres, ideally located at 1905 Logan Ave in Belvidere, Illinois, zip code 61008. The property is zoned Belvidere PB and boasts a prime location just east of Belvidere Road (Business 20), ensuring high visibility and accessibility. This strategic position places the land within close proximity to a thriving retail corridor, surrounded by established businesses such as Blain's Farm & Fleet, Walmart, Applebee's, Subway, Starbucks, Aaron's, Midland States Bank, Verizon, and OSF Healthcare. The area also benefits from a strong residential population, providing a substantial customer base for any new development. The land offers significant potential for a variety of commercial uses, capitalizing on the high traffic volume and established commercial presence. Low Boone County taxes further enhance the investment appeal. The sales price ranges from $8.50 to $13.50 per square foot, presenting a compelling opportunity for developers seeking a prime location in a rapidly growing market. This is a rare chance to acquire land in a highly desirable area with excellent potential for significant return on investment. The property's location and surrounding amenities make it an ideal site for a variety of commercial ventures.
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.