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522 S State Street

Belvidere, IL 61008
  • $475,000
  • STATUS: Active
  • ON SITE: 102 Days
  • MLS #: 12486594
UPDATED: 30 min ago
$475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1889
County:
Area:

School Ratings & Info

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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2026-01-14T11:10:23.037 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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522 S State Street Belvidere, IL 61008

  • Price: $475,000
  • Status: Active
  • On Site: 102 Days
  • Updated: 30 min ago
  • MLS #: 12486594
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1889
Built
Neighborhood:
Boone
County:
Boone
Area:
Boone
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.
Interior Features

Cooling Central Air Heat Ventilation Forced Air

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Electric Fuses Fire Protection Alarm Monitored Geographic Locale Southwest Suburban Gross Income 2725 Gross Scheduled Income 32700 Insurance Expense 4750 Mls Actual Status Active Property Sub Type Mixed Use Rental Price 8.8 Tax Annual Amount 5732 Tax Year 2024 Total Monthly Income 2725 Type Mixed Use

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Realty Signature: 815-315-1111.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2026-01-14T11:10:23.037 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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