522 S State Street new Save Request In-Person Tour Request Virtual Tour
Belvidere,IL 61008
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,180 sqft
Price per Sqft $113
MLS Listing ID 202506148
Style 2 Story
Annual Tax Amount $5,732
Tax Year 2024
Property Sub-Type 5+ Units
Property Description
Prime investment opportunity in the heart of downtown Belvidere. This mixed-use commercial property features a well-established main-level business with a full bar, kitchen, three pool tables, five slot machines, and entertainment amenities including a juke box. The second level offers five fully equipped loft areas, each with a microwave, refrigerator, and stove, all occupied by long-term tenants providing consistent rental income. The property is well-maintained with central air and ceiling fans throughout, and its strategic location near the planned Metra train station opening in 2027 positions it for strong future appreciation. This asset combines immediate cash flow with excellent long-term growth potential.
Location
State IL
County Boone County
Interior
Hot Water Gas
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Exterior Feature Concrete
Garage Spaces 20.0
Roof Type Metal
Building
Sewer City
Water City
Schools
Elementary Schools Seth Whitman Elem
Middle Schools Belvidere Central Middle
High Schools Belvidere North
School District Belvidere 100