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North State Shopping Center

1119 N State Street
Belvidere, Boone County, IL 61008
US
Parcel:05-26-203-001

Financials

Sale Price: --

Lease Price: --

Terms:

Sq. Ft.: --

Acres: --

Tax: --

Tax Year: --

Features

In City Limits

Building

Sub-dividable

Expandable

Land

Build To Suit

Shovel-Ready

Industrial Park

Business Park

100-Year Flood Plain

Phase 1 Environmental Audit Complete

Utilities

Water

Sewer

Electric

Natural Gas

High Speed Telecom

Transportation

Nearest Airport: 18 miles

Nearest Highway: 1 miles

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Broker Info

AGENT / BROKER

Marcus & Millichap

Steven Weinstock

One Mid-America Plaza, Suite 200

Oakbrrok Terrace, IL 60181

630-570-2200

Steven.Weinstock@marcusmillichap.com

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ECONOMIC DEVELOPMENT CONTACT

Pamela Lopez-Fettes

Growth Dimensions

401 Whitney Blvd.

Belvidere, IL 61008

815-547-4252

Cell 815-355-2250

pfettes@growthdimensions.org

 

Details

PROPERTY HIGHLIGHTS

Located at Two Signalized Intersections with Traffic Counts in Excess of 21,000

Vehicles Per Day Value-Add Opportunity-Only 67% Occupied

Priced Well Below Replacement Cost ($54.15 per square foot)

Over 21,000 Plus Vehicles Per Day

Low Boone County Taxes

Close Proximity to The Daimler Chrysler Assembly Plant

Large 1.82 Acre Parcel

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OFFERING SUMMARY

Listing Price: $1,500,000

Number of Suites: 8

Lot Size: 1.82 Acres

Year Built/Renovated: 1957/

Gross SF: 27,700 SF

NOI: $164,466

Cap Rate: 10.96%

Total Return: 10.96%

Price/Unit: $187,500

Rent/SF: $8.48

Shopping Center is located in the Enterprise and Opportunity Zones

Category

Enterprise Zone, Site

Posted On: 04-04-2022
Last Updated: - 3 months ago