Building Available - Logan Ave.

  • Featured Property

Details

EXECUTIVE SUMMARY

Located in Belvidere, Illinois offering up to 20,000 sq ft of space for general office and professional use. The building boasts two lobby entrances and ample parking with room for additional development. The classrooms are large, this building is perfect for dividing into office spaces or possibly be converted into condos for business and potential residential condos. Situated on a corner lot on East Ave. and Logan with potential of another access point from Warren Ave., just 3 minutes from I-90. Currently a daycare currently occupies an area of the the building with multiple classrooms and uses the gym. There is an outside area that is fenced with playground equipment. The gym features 20 foot ceilings, a stage, kitchen and storage area. With high visibility on a corner lot and a multi-story design there are endless possibilities and usages. This building offers historical value as it was originally built as Logan School in 1898 with additions over the years. The property features hardwood floors, multiple bathrooms, a common area, lobby areas tall windows and walk up attic to highlight some features. This is an excellent opportunity for retail/commercial development, event space, condos for business or residents. There is a total of 3 property codes adding up to 1.78, allows for additional expansion, garages and more. The building is priced reflected of the renovations that need to be done.

INVESTMENT HIGHLIGHTS

  • Historical school with so much potential!
  • 20' ceilings, gym, two lobby entrances
  • 20,000 sq. ft. with ample parking

PROPERTY FACTS

Sale Type:                     Investment

Property Type:               

Building Size:                20,000 SF

Building Class:              C

Year Built:                     1898

Price:                            $200,000

Price Per SF:                $10

Percent Leased:           100%

Building Height:            3 Stories

Typical Floor Size:        6,667 SF

Building FAR:               0.24

Land Acres:                 1.90 AC

Zoning:                        NB

Parking:                      25 Spaces (1.25 Spaces per 1,000 SF Leased)

 

AMENITIES

  • Kitchen
  • Storage Space
  • High Ceilings
  • Hardwood Floors

Category

Site

Location

620 Logan Avenue
Belvidere, Boone County, IL 61008
US

Financials

Sale Price: $200,000.00

Lease Price: --

Terms:

Sq. Ft.: 20000

Acres: 1.9

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


Broker Info

  • Debbie CarlsonDebbie Carlson
  • Berkshire Hathaway Starck Real Estate

(815) 988-5568

1710 S Eastwood Dr
Woodstock, IL 60098

______________________________________________________________________________

Economic Development Contact:

Pamela Lopes-Fettes

Growth Dimensions

401 Whitney Blvd.

Belvidere, IL 61008

815-547-4252

815-355-2250 (cell)

pfettes@growthdimensions.org

Posted On: 02-01-2023
Last Updated: - 7 months ago