Budget Motel and Car Wash Belvidere — Sale in Belvidere, IL

  • Price: $850K
  • Listing type: For sale
  • Asset type: Business
  • Location: Belvidere, IL 61008
  • Size: 5,484 SF
  • Year built: 1951

Investment Figures

Cap rate
9.42%
Price per square foot
$155

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Prime Redevelopment Opportunity! Holiday Inn Express, 4 Story, 53,000 sq ft 84 Rooms with Event and Meeting Space, Business and Fitness Center. Current use is Car Wash (6 bays) , 15 Room Motel with separate Owners House and 3.43 acreage. Multiple Value Add Options or Redevelopment. Owner has preliminary plans for Holiday Inn Express. HIgh Traffic Count on Thoroughfare throigh Belvidere into Rockford. Value Add Opportunity of Develpoment Opportunity! Seller has plans done with Holiday Inn that can be sold with property. CAP Rate of 9.42% Building SF: 5484 | Land Size: 3.43 Ac | Year Built: 1951 | Listing Type: FOR SALE

Market Context

This commercial property in Belvidere, IL is listed for sale at $850,000 across 5,484 SF ($155/SF). It is offered at an approximate 9.4% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1951. It has been on the market for 71 days. Compare it against other commercial property listings for sale in Belvidere, IL — view the full market.

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