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33890730

1910 North State Street, Belvidere, IL 61008

KH
IL 471.019313
Berkshire Hathaway HomeServices Crosby Starck Real Estate
Listed by Berkshire Hathaway HomeServices Crosby Starck Real Estate
$1,900,000
4 days on market
Updated 4 days ago

Profitable Business with Premium Location

Details
APN 05-22-476-009
Property Type Retail, Office (+1)
Sub Type Auto Shop, Fleet of 18 well-maintained vehicles (+1)
Square Footage 2,233
Units 1
Cap Rate 7.84%
NOI $148,988
Occupancy 100%
Year Built 1962
Buildings 1
Stories 1
Acreage 0.380
Zoning Other Than RFD Zoning
Parking Spaces 12 spaces
Parking Per SqFt 5.37
Ground Lease No
Ownership PANAMA ENTERPRISES INC

Profitable Business with Premium Location

Investment highlights

Rare opportunity to acquire a highly successful, turnkey transportation business along with its strategically located commercial real estate. The sale includes the real estate, the established limousine and transportation business, and a fleet of 18 well-maintained vehicles, making this a truly unique investment.

The business has built a strong reputation throughout Northern Illinois and generates over $1M in annual gross revenue. Revenue is diversified through multiple transportation services, including luxury limousine service, executive transportation, medical transport, party bus rentals, special event transportation, and a premium fleet featuring a stretch Hummer, stretch Lincoln limousine, a party bus, and additional specialty vehicles.

The commercial property occupies a highly visible corner at the signalized intersection of State Street (US Route 20 Business) and Appleton Road in Belvidere, Illinois. This premier location benefits from average daily traffic counts exceeding 21,000 vehicles, providing outstanding exposure and long-term commercial value.

A rare opportunity with multiple revenue streams, an established customer base, and significant growth potential.

Listing Contacts

KH
IL 471.019313
Berkshire Hathaway HomeServices Crosby Starck Real Estate
Listed by Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$148,988.00
$12,415.67/mo

Valuation Metrics

0
DSCR
7.84%
Cap Rate
7.84%
ROI

Map

Zoning

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GB CommercialGeneral CommercialGeneral Business
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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Kevin Horstman
License
471.019313
Brokerage
Berkshire Hathaway HomeServices Crosby Starck Real Estate
Title
Managing Broker
Brokerage Address
551 North Mulford Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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