BEDS0
BATHS
SQUARE FEET4,180
MLS#202603280
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBelvidere 100
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air, Natural Gas
Home Style: 5+ Units
Roof Type: Metal
Taxes: $5,732
Appliances
Microwave
Refrigerator
Stove/Cooktop
Oven
Feature Descriptions
Exterior: Concrete
General Features: Additional Parking
Separate Utilities: Yes
Sewer: City
Water: City
Local Schools
School District: Belvidere 100
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Signature
Shown By
Agent Name: Rhonda Toebes
Agent Phone: Cell: (815) 451-6228
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 2,652.96 per month $2,044.04 Principal & Interest $477.67 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
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522 S State Street | MLS# 202603280
This multi-family property located at 522 S State Street, Belvidere, IL 61008 is currently listed for sale with an asking price of $450,000. S State Street is located within the Belvidere 100 school district. Search Belvidere real estate on rtoebes.gogambino.com today.