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817 N State St

1,612 SF Retail Building Belvidere, IL 61008 $950,000 ($589/SF)

Investment Highlights

  • Gaming Income over $50'000 a years owners share and City has cap on gaming licenses
  • Buy bulk Liquor deals sale will up 2 times more.
  • Within a mile radius 2000 residence and owner is absentee, Add pizza, cold sandwich like a subway will move fast.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,612 SF
Building Class
C
Year Built
1970
Price
$950,000
Price Per SF
$589
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.38 AC
Opportunity Zone
Yes
Zoning
C4
Frontage
134 FT on State St

Amenities

  • Corner Lot
  • Signage
  • Air Conditioning

About 817 N State St , Belvidere, IL 61008

Become Gas Station Owner with $0 out of pocket (All we need 1 year gas station operator experience and 689 plus credit with over $30'000 a year last 3 years income showing tax returns. Listing Price $950'000 plus inventory. NO GAS SUPPLY CONTRACT JOBBER OFFERs $100'000 CASH UPON SIGNING 10 YEARS CONTRACT, Take this opportunity before seller signs. C-Store $616'200 ONLY MERCHANDISE Gas, Diesel, Kerosene, Liquor, Beer, wine & Gaming Income all at one stop. Gamming is $62'000 (2023) (Next year will be over $72'000 reason adding 6th machine with new vendor) CAP ON GAMING LICENSE NO MORE CITY WILL ALLOW Property tax is only $7'900 (2023) The neighborhood location falls into the Heritage area of the city, the city does not allow any new gas stations within the heritage boundary, city population over 24'000 and 15'000 VPD pass through the location. It has over 50 years of customer footprint and second-generation customers. Daily cash sales are more than 50%. On average stations do 25% CASH rest on credit. Current Gross sales are over a million. New Owners Potential, The current Owner is Absentee. Many sales departments are missing, for example, Coffee, Donuts, Pizza Slice, Fountain Machine, Slushes, and many more, each department will add sales. Beer Cave is coming soon.

Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-26-253-001
Land Assessment
$22,255
Improvements Assessment
$77,056
Total Assessment
$99,311
  • Listing ID: 33703876

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 817 N State St, Belvidere, IL 61008

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