Belvidere, IL Retail Property For Sale

Discover a unique opportunity to purchase a centrally located 3-story building in the heart of downtown Belvidere. Property has been reduced well below market due to needed masonry repair from the building settling. Building is a historical property with tax incentives and grants available for required repairs.

1st and second floor space boasts an abundance of natural light, highlighted by its ornate high ceilings adorned with original light fixtures, creating a bright and inviting atmosphere. 3rd-floor unfinished space provides numerous possibilities for future development or customization. A gated patio at the back of the building offers additional outdoor space.

This 13,000 SF building is located in a Shopping Center anchored by regional grocer, Fiesta Market. This High Traffic center (15k VPD) faces Hwy 20 with access off of Pearl St. and Chrysler Dr., and is surrounded by Strong Residential Development.

This 15,000 SF, fully occupied retail building is part of Shopping Center anchored by regional grocer, Fiesta Market. This High Traffic center (15k VPD) faces Hwy 20 with access off of Pearl St. and Chrysler Dr., and is surrounded by Strong Residential Development.

- Investment Opportunity – 100% Leased

- 9.64% Cap Rate

- Niko’s Cabin – 1st Floor (Business not included in sale)

- Residential Tenant – 2nd Floor

- 2,200 SF Building