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

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INVESTMENT HIGHLIGHTS

  • Fully occupied retail center anchored by Fiesta Market
  • Excellent visibility along US 20 with multiple access points
  • Diverse tenant mix providing stable income stream
  • Prime location at lighted intersection with 15,000 VPD
  • Minutes from I-90/Genoa Road interchange for regional connectivity

EXECUTIVE SUMMARY

Chrysler Drive Shopping Center presents a rare opportunity to acquire a fully occupied neighborhood retail center in Belvidere, Illinois. Strategically positioned at a lighted intersection along US 20, this property benefits from exceptional visibility and traffic counts of approximately 15,000 vehicles per day. The center is anchored by Fiesta Market, a well-established regional grocer that drives consistent foot traffic and complements a diverse tenant mix including financial services, dental care, specialty retail, and entertainment.
The site offers convenient ingress and egress from both Pearl Street and Chrysler Drive, and is just minutes from the I-90/Genoa Road interchange, ensuring seamless connectivity to Rockford and the greater Chicagoland area. Belvidere’s growing population and strong local economy make this an ideal investment for those seeking stable income and long-term appreciation. The property sits on 1.644 acres and is zoned GB, supporting a wide range of commercial uses.
With a fully leased roster and rent roll available upon request, investors can step into immediate cash flow backed by established tenants. This is a prime opportunity to secure a high-performing retail asset in a thriving corridor.

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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