Building Available - Logan Ave.
620 Logan AvenueBelvidere, 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 Carlson
1710 S
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
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
Posted On: 02-01-2023
Last Updated: - 2 months ago
