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10568 Caledonia Rd
22.11 Acres of Commercial Land Offered at $1,425,000 in Belvidere, IL 61008
Investment Highlights
- 22+ acres
- Emerging Boone County
- High traffic intersection
Executive Summary
Seller does not pay buyer agent commission
Financial Summary (Actual - 2023) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$10,200
|
$461.33
|
| Other Income |
$140,000
|
$6,331.98
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,200
|
$6,793.31
|
| Taxes |
$7,209
|
$326.05
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,209
|
$326.05
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $10,200 |
| Annual Per AC | $461.33 |
| Other Income | |
|---|---|
| Annual | $140,000 |
| Annual Per AC | $6,331.98 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $150,200 |
| Annual Per AC | $6,793.31 |
| Taxes | |
|---|---|
| Annual | $7,209 |
| Annual Per AC | $326.05 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $7,209 |
| Annual Per AC | $326.05 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts Under Contract
| Price | $1,425,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 22.11 AC |
| Price | $1,425,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 22.11 AC |
1 Lot Available
Lot
| Price | $1,425,000 | Lot Size | 22.11 AC |
| Price Per AC | $64,450.47 |
| Price | $1,425,000 |
| Price Per AC | $64,450.47 |
| Lot Size | 22.11 AC |
High traffic corner of IL Route 76 and Caledonia Road.
Description
Wonderful opportunity to own 22+ acres in Boone County. High traffic corner or Route 76 & Caledonia Rd. One of the only locations that have multiple billboards in the county. Land is currently leased for parking and billboards. 100x100 area with cell tower not included. Home/Office offers plenty of space for running many types of business plus the 2 + car garage.
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $88,307 | |
| Land Assessment | $55,492 | Annual Taxes | $7,209 |
| Improvements Assessment | $32,815 | Tax Year | 2023 |
PROPERTY TAXES
zoning
| Zoning Code | B-1 (Zone light industrial.) |
| B-1 (Zone light industrial.) |
Presented by
Weichert Realtors Tovar Properties
10568 Caledonia Rd
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