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342-380 W Chrysler Dr
Belvidere, IL 61008
Chrysler Drive Shopping Center · Retail Property For Sale

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EXECUTIVE SUMMARY

This 15,000 SF, fully leased 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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,525 SF
Building Class
B
Year Built
1997
Price
$2,780,000
Price Per SF
$179.07
Cap Rate
7.51%
NOI
$208,725
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.70 AC
Zoning
GB - General Commercial
Parking
350 Spaces (5.09 Spaces per 1,000 SF Leased)

AMENITIES

  • Signalized Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07-02-200-018
  • 07-02-200-019
Land Assessment
$202,406
Improvements Assessment
$220,613
Total Assessment
$423,019
  • Listing ID: 28501077

  • Date on Market: 5/16/2023

  • Last Updated:

  • Address: 342-380 W Chrysler Dr, Belvidere, IL 61008

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