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    OFF-MARKET
    Lifestyle centers

    2413 Gateway Center Dr, Belvidere, IL 61008

    1 ac lot
    Property ID
    US28-3580159
    Property summary
    AI-generated overview

    Exceptional retail/commercial development opportunity in Belvidere, Illinois, at 2413 Gateway Center Drive. This prime location boasts sites ranging from 1.17 to 13.21 acres, offering flexibility for various projects. Situated on Belvidere's main retail corridor at the southeast corner of Chrysler Drive (US Hwy 20) and Genoa Road, the property benefits from high visibility and excellent access. The area enjoys strong demographics and significant traffic volume, with nearby established businesses including Walmart, Applebee's, Taco Bell, Starbucks, Aaron's, Midland States Bank, Physicians Immediate Care, Verizon, and OSF Healthcare. The property features off-site detention and benefits from low Boone County taxes. Land pricing varies by lot size: smaller parcels (1-3.24 acres) are priced at $14.50 per square foot, while the largest parcel (13.21 acres) is priced at $5.00 per square foot. This is a rare chance to acquire a highly desirable development site in a thriving retail area. The property is currently vacant, providing a clean slate for your vision. Contact us today to learn more about this exceptional investment opportunity.

    Property profile
    Verified
    Property type Lifestyle centers
    Lot 1 ac (43,560 SF)
    UPID US28-3580159
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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