2413 Gateway Center Dr, Belvidere, IL 61008
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.