Location: The Bel-Mar Property is located approximately 48 miles northwest of Chicago O'Hare International Airport. Nearby cities include: Belvidere (1/2 mile west), Poplar Grove (4 miles northwest), and Marengo (7 3/4 miles east). The property address is 7450 Logan Avenue, Belvidere, Illinois, 61008.
Frontage: There is approximately 33' of road frontage on Logan Avenue.
Major Highways: U.S. Route 20 is 1/16 mile south, Interstate 90 is 7/8 mile south, and U.S. Business Route 20 is 1 1/2 miles west of the property.
Legal Description: A brief legal description indicates The Bel-Mar Property is located in Part of Sections 32 and 33, Township 44 North – Range 4 East (Bonus Township), Boone County, Illinois.
Total Acres: There are a total of 126.11 acres, more or less, according to the Boone County Assessor’s Office.
Topography: The topography of the subject property is level to nearly level.
Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Price Terms: The asking price is $749,000.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2018 real estate taxes totaled $13,840.54. The parcel numbers are: #06-32-226-001, #06-32-226-002, #06-32-226-003, #06-32-226-004, #06-32-226-005, #06-32-251-003, #06-33-100-002, #06-33-100-003 & #06-33-100-005.
Zoning: The subject property is zoned A-1, Ag. Preservation.
Improvements: The Bel-Mar Property has several improvements including: a main building with ballroom, 2 bar areas, kitchen, utility and storage areas, 3 storage sheds with concrete floors, golf cart shed with concrete floor, and 2 bridges.
