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Listed by Fidel Batresof Keller Williams Realty Signature
$ 475,000
Est. payment /mo
Active
522 S State Street Belvidere, IL 61008
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12486594
Year Built 1889
Annual Tax Amount $5,732
Tax Year 2024
Lot Dimensions 3681
Property Sub-Type Mixed Use
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
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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