MLS#12669314
STATUSNew
PROPERTY TYPECommercial - Business
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: Commercial - Business
Cooling: Central Air
Lot Size: 0.08 Acres
Stories: 2.0
Taxes: $5,754
Year Built: 1889
Feature Descriptions
Electric: Fuses
Fire Protection: Alarm Monitored
HVAC: Forced Air
Lot Dimensions: 3681
Parcel#: 0525360007
Units: 5
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Signature
Agency Phone: 815-315-1111
Shown By
Agent Name: Rhonda Toebes
Agent Phone: Cell: (815) 451-6228
Agency Title: Gambino Realtors
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522 S State Street | MLS# 12669314
This commercial property located at 522 S State Street , Belvidere, IL 61008 is currently listed for sale with an asking price of $450,000. Search Belvidere real estate on rtoebes.gogambino.com today.