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Listed by Fidel Batresof Keller Williams Realty Signature
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Est. payment /mo
Active
522 S State ST Belvidere, IL 61008
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12669314
Year Built 1889
Annual Tax Amount $5,754
Tax Year 2025
Lot Dimensions 3681
Property Sub-Type Mixed Use
Property Description
Prime Downtown Belvidere Mixed-Use Investment Opportunity! This turnkey property offers strong, immediate cash flow with an established bar on the main level featuring a full kitchen, 5 gaming machines, and 3 pool tables. Upstairs, you'll find five fully occupied residential lofts, each equipped with a stove, refrigerator, and microwave, and occupied by long-term tenants. The building has been well maintained and features central air conditioning throughout. Located in the heart of Downtown Belvidere and just minutes from the planned Metra station expected in 2027, this property is well positioned for future growth, increased demand, and long-term appreciation. A rare opportunity to acquire a fully occupied, income-producing asset in a rapidly developing area.
Location
State IL
County Boone
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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