321 N. STATE STREET, BELVIDERE, IL 61008

Special Purpose for Sale
Also listed as Hospitality
Catylist Listing ID: 30659410
Property Subtypes: Museum/Gallery
Building Size (RSF): 1,344 SF
Gross Building Area: 14,810 SF
Gross Land Area: 0.34 Acres
Sale Price: $349,900
Ceiling: 13 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2020

Overview / Comments

Charming 40s vintage service station! Same owner for over 40 years! Great candidate for repurposing into just about anything! Currently operating as auto repair and towing business and making money with great reputation in the same location! Compressor, lifts and equipment stay as is. Brewery, Tap House, Coffee shop, Restaurant, Donut /bagel shop, Office, Quick mart, or even a house, you name it! May need zoning change. EPA Clean, paperwork available. Some photos are rendering of what others have done in other cities, this one is ripe!

Additional Details

Nearest MSA: Rockford
County: Boone
Tax ID/APN: 0526427001
Zoning: CN
Property Located Between: E Madison and E Hurlbut
Property Visibility: Excellent
Largest Nearby Street: North State
Traffic/Vehicle Count: 11,400
Highway Access: 10 minutes to I 90
Site Description: Nice 40s gas station perfect for restoration or repurposed into a tap house , brewery or coffee and restaurant.
Area Description: Downtown Belvidere
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,344 SF
Property Condition: Fair
Year Built: 1940
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Classic block gas station
Parking Type: Surface
Parking Description: 25 car parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: 26-44-3 (EX ELY 14' OF) LT 6 & WLY 109.9 FT LT 7 BLK 7 JOEL WALKERS 1ST AD 321 N STATE ST

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,674 25,906 36,091
Median Age: 32.86 34.15 36.94
Households: 4,529 8,954 12,516

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