211 N. APPLETON ROAD, BELVIDERE, IL 61008

Office for Sale
Catylist Listing ID: 30569206
Property Subtypes: Office Building
Building Size (RSF): 3,800 SF
Gross Building Area: See Agent
Gross Land Area: 2.06 Acres
Sale Price: $189,900
Unit Price: $49.97 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/29/2020

Overview / Comments

This 2-acre parcel, Near the heavily-trafficked intersection of business route 20 on Appleton Road on the northwest edge of Belvidere, is ready for your vision! Parcel offers option to build new on one acre of vacant land, with existing building on adjacent acre as solid income source, of remove building and use entire 2 acre site for construction. Property is Belvidere City-serviced and zoned office. Office building is 3800 sf. and leased by USDA. Don’t miss out on this excellent business opportunity for a variety of retail or service providers!

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $7,739 (Annual)
Potential Rental Income $38,000 (Annual)

Additional Details

Nearest MSA: Rockford
County: Boone
Taxing Authority: BELVIDERE TOWNSHIP
Tax ID/APN: 0522477039
Zoning: NEIGHBORHOOD OFFICE
Property Located Between: LAKESHORE DRIVE AND DAVIS DRIVE
Property Visibility: Excellent
Highway Access: US 20 & I-90
Site Description: 3400 SQ. FT. Commercial building on 2 acres, dividable.
Area Description: Mixed, Commercial, Muti-family/Residential, single family and residential.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,400 SF
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Close to State and N. Appleton intersection showing off an all brick building with 4 entrances easily accessed with wrap around parking lot. Plenty of windows for natural light.
Parking Type: Surface
Parking Description: 3 entrances, wrap around parking.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Evaporative Cooler
Internet Access: T1/T3, Gigabit
Interior Description: 3800 sf of office space boasting plenty of room with several private offices, a couple multi desk offices and conference room, 2 bathrooms and kitchen area. partial finished basement with huge storage areas.
Zoning Description: Neighborhood office district.
Lot Frontage: 333.54
Lot Depth: 236.25
Water Service: Municipal, Well
Sewer Type: Municipal
Legal Description: 22-44-3 PT E1/2 SE LYG S OF DAVIS DR, NW OF APPLETON RD, N OF LAKE SHORE DR & SE OF SURVEY OF PT SE1/4 (EX RD IN 87-1886) 211 N APPLETON RD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,989 27,515 40,272
Median Age: 30.54 36.21 37.82
Households: 2,104 9,688 14,321

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