342-380 W Chrysler Dr - Storefront FOR SALE


Belvidere, IL 61008
$2,780,000 USD
815-871-6156
342-380 W Chrysler Dr, Belvidere, IL for Sale
$2,780,000 USD
Storefront - FOR SALE
1/15
null | 7.51% Cap Rate

342-380 W Chrysler Dr
Belvidere, IL 61008


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,780,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chrysler Drive Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Health Club, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

CROSS STREETS

Bypass 20 & Pearl St.

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

GB

APN/PARCEL ID

07-02-200-018,07-02-200-019

ASK ABOUT THIS PROPERTY

Jennifer BerryGambino Realtors Inc.More Info
815-871-6156

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jennifer BerryGambino Realtors Inc.More Info
815-871-6156

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.