Belvidere Commercial Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30478690
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 3,765 SF
Gross Land Area: 13,116 SF
Sale Price: $209,000
Unit Price: $55.51 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Building Name: Barr's Flowers & Gifts
Usable Size (USF): 3,765 SF
Core Factor: 1%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/27/2019

Overview / Comments

Very nice single story commercial building well located in the heart of downtown Belvidere.
Very open and well maintained. Great street appeal. Very versatile. Includes 570 SF garage that could be warehouse space. Plus 784 SF partial basement, and 2,411 SF crawl space. Air-conditioned.
Can be variety of retail or office, such as accounting, attorney, insurance, municipal, or various office uses. Best location in the downtown business district. Close to the financial, retail, offices, park, municipal parking and fire station. Includes off street on-site parking for 8 plus 1 handicapped.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $7,151 (Annual)
Tax Value Land $16,608
Tax Value Improvements $64,883
Assessed Value - Total($) $64,883 (Annual)

Additional Details

Nearest MSA: Rockford
County: Boone
Taxing Authority: Belvidere Township
Tax ID/APN: 05-26-477-019, 018 & 020
Zoning: CB
Retail Clientele: General, Family, Business
Property Located Between: Central Business
Property Visibility: Excellent
Largest Nearby Street: State
Traffic/Vehicle Count: 8,000
Highway Access: Route 20
Airports: Greater Rockford Intl., Poplar Grove
Site Description: Level with gentle slope toward the rear.
Area Description: Retail, Office, and Municipal
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,765 SF
Property Condition: Excellent
Year Built: 1970
Year Renovated: 2007
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Very attractive Z-brick siding
Total Parking Spaces: 9
Parking Ratio: 2 (per 1000 SF)
Parking Type: Surface
Parking Description: Blacktop
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: Large open area in front, design room, office, rest room, break room, storage area, and garage. Partial basement, and crawl space.
Zoning Description: CB. Central Business District. Retail or office.
Lot Frontage: 66'
Lot Depth: 165'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee simple
Legal Description: 26-44-3 Lts 1 & 2 Blk Planes Sub 119 S. State St. Plus 05-26-477-018 & 020.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,491 25,906 37,137
Median Age: 33.24 34.15 37.17
Households: 5,486 8,954 12,897

Contact

Photograph of Listing Agent

Emmett J Gray, SIOR

Key Realty Commercial ICEx Member
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