Great Re-Development Opportunity

Details

Details:

Asking Price: $259,000

Subtype: Storefront, Traditional Office

Class: C

Cap Rate: 0.00%

Units: 2

Buildings: 1

Permitted Zoning: General Business

APE: 0526126017

Property Type: Mixed Use, Office Retail

Investment Type: Redevelopment

Square Footage: 4,206

Year Built: 1960

Stories 2

Lot Size: 0.6

Ownership: Fee-Simple

Marketing Description:

1414 N State St in Belvidere, IL, this all-brick building offers over 2,000 square feet per floor and is primed for repurposing and modernization. With solid construction and a flexible layout, the property previously served as an office on the lower level and a residential unit on the main level, making it an excellent candidate for redevelopment. Positioned along a high-visibility corridor, it is surrounded by a variety of neighboring businesses, including AutoZone, McDonald's, and Jimmy Johns and ALDI, ensuring strong traffic and accessibility. Whether transformed into a mixed-use development, professional office space, or retail establishment, this property presents an outstanding opportunity to invest in the future growth of Belvidere's commercial landscape.

Great Re-Development Opportunity

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