Opportunity Available at Fairgrounds Road

  • Featured Property

Details

Details

Property Type:  Retail

Subtype: Auto Shop

Investment Type:  Value Add

Tenancy:  Multi

Square Footage  3,654

Units:  3

Years Built:  1925, 1981

Year Renovated:  1960

Buildings:  2

Stories:  2

Zoning:  B-2

Lot Size (acres):  1.5

APN:  05-23-326-009

Marketing Description

For over 30 years this property has been occupied by Superior Motor Car Co. The commercial building contains a spacious showroom, office, restroom and auto shop. The multifamily building is comprised of a one bedroom unit and a two bedroom unit.

 Close proximity to US-20

Average Daily Traffic 4,900 VPD

 Strong population growth

 714 businesses in a 3 mile radius

Investment Highlights

The one bedroom unit is leased for $500 a month. Leased month to month.

The two bedroom unit is not leased and has value add opportunity.

Category

Enterprise Zone, Site

Location

8122 Fairgrounds Road
Belvidere, IL 61008
US

Financials

Sale Price: --

Lease Price: --

Terms:

Sq. Ft.: --

Acres: 1.5

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

Real Estate Agent / Broker

Nathan Bryant

Bryant Commercial Group

Mobile:  815-218-1371

Office:  815-200-6004

nathan@bryantcg.com

_________________________________________________________________________________________

Economic Development Contact:

Pamela Lopez-Fettes

Growth Dimensions

982 Belvidere Road

Belvidere, IL 61008

Mobile:  815-355-2250

Office:  815-547-4252

pfettes@growthdimensions.org

 

Posted On: 07-05-2023
Last Updated: - 25 days ago