Updated Dec 21, 2023
Hoffman Realty Sells 147 Acre Development Site In Belvidere, IL For $1.3M
147 Town Hall Road, Belvidere, IL 61008, USA
$1,308,300
$0/SF
Building Size
6,403,320 SF
Asset Type
Development Site
Closing
Apr 18, 2021
About this deal
AI
A development site located at 147 Acres Town Hall Rd in Belvidere, IL was recently sold for $1,308,300. The property spans 147 acres, amounting to a price per acre of $8,900. The transaction took place on April 19, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,308,300
- Acres: 147
- Price per Acre: $8,900
- Market: Belvidere, IL
The sale was facilitated by Richard Hoffman from Hoffman Realty, who acted as the broker for the transaction.
The development site sale at 147 Town Hall Road, Belvidere, IL 61008, USA in Belvidere, Illinois sold for $1.3M in 2021. The building is 6,403,320 square feet, implying about 0 per square foot on the published price. This page is the Belvidere, Illinois file for the 147 Town Hall Road, Belvidere, IL 61008, USA development site sold: pricing, party profiles, and other closed development site comps from the same Belvidere sit in the Market section below. Filter that Belvidere development site set by closing date to see what else sold near 147 Town Hall Road, Belvidere, IL 61008, USA around 2021. Published consideration for 147 Town Hall Road, Belvidere, IL 61008, USA is $1.3M, dated 2021. Cite this Hoffman Realty Sells 147 Acre Development Site In Belvidere, IL For $1.3M sale when underwriting similar development site product around Belvidere, Illinois.
Players
Belvidere Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.12%
Cash-on-Cash
-3.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93