860 Biester Dr., Belvidere, IL

Office for Sale
Catylist Listing ID: 30316889
Property Subtypes: Medical, Office Building
Building Size (RSF): 7,461 SF
Gross Building Area: 7,844 SF
Gross Land Area: 6.14 Acres
Sale Price: $680,000
Unit Price: $91.14 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Undisclosed, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/24/2018

Overview / Comments

Improvements: 7,311 SF two-story office building / 7,461 RSF
Acreage: 6.14 acres
Highest and Best Use: Commercial – office or retail development
Municipality/County: Belvidere/Boone
County Parcel Number: 05-36-229-006
County’s Valuation: $528,381 FMV
2017 Annual Taxes: $18,739.24
Building: Masonry façade. Well-maintained
Features: Monument signage available. Building signage permitted.
Location: NWC of Belvidere Rd. and Logan Ave.
Nearby businesses include Federal Credit Union, Boone County Health Department, Boone County Building Department and Surestaff

PROPERTY HIGHLIGHTS
• Located at highly visible corner
• Easy access from signalized intersection
• Approximately 50% of building has medical/dental build-out.
• Professionally occupied building including two dental groups, law firm and counseling.
• Attractive, well maintained building
• Plentiful parking at 5.23 spaces per 1,000 SF
• Great investment with long term value potential
• Minutes away from I-90

Additional Details

Nearest MSA: Rockford
County: Boone
Property Located Between: NWC of Belvidere Rd. and Logan Ave
Property Visibility: Excellent
Highway Access: I-90
Site Description: Located at highly visible corner
Area Description: Nearby businesses include Federal Credit Union, Boone County Health Department, Boone County Building Department and Surestaff
Total Number of Buildings: 1
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,105 24,145 36,168
Median Age: 34.73 33.52 36.83
Households: 2,122 8,253 12,530

Contact

Photograph of Listing Agent

Karen Walsh

CBRE, INC. ICEx Member
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