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    OFF-MARKET
    Commercial real estate

    1905 Logan Ave, Belvidere, IL 61008

    0.99 ac lot
    Property ID
    US28-3547911
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.99 ac (43,124 SF)
    UPID US28-3547911
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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