Listing provided courtesy of Keller Williams Realty SignatureMREDas Distributed by MLSGrid- MLS# 12669314
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Request Info522 S State StreetBelvidere, IL 61008
Commercial$450,000
Active
522 S State Street Overview
- Time on Site:
- 24 days
- Visits:
- 1
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.
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522 S State Street Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 50
- Gross Income: 2725
- Gross Scheduled Income: 32700
- Insurance Expense: 4750
- Trash Expense: 0
- Water Sewer Expense: 250
Building Information
- Year Built: 1889
Location/Region
- County Or Parish: Boone
- MLS Area Major: Belvidere
Tax Information
- Tax Annual Amount: $5,754.00
- Tax Year: 2025
General Information
- Parcel Number: 0525360007
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
Interior
General Information
- Cooling: Central Air
- Electric: Fuses
- Stories: 2
Exterior
Lot Information
- Additional Parcels: Yes
- Lot Size Dimensions: 3681
- Lot Size Square Feet: 3681
General Information
- Number Of Units Total: 5
522 S State Street Neighborhood
Community
61008 (BELVIDERE) Demographics
39
Median Age
397
Population Density (per sq. mile)
29%
College Educated
$61,639
Estimated Median Income
9,835
Estimated Total Home Owners
2,550
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.522 S State Street Monthly Cost
522 S State Street Market Data
Based on the last 30 days in this zip code
$303,170
Average List Price
$137
Average Price per Square Foot
45
Properties Sold
82
Average Days on Market
125
Properties for Sale
522 S State Street History
| Date | Value | Agent |
|---|---|---|
| 6/10/2026Source: MRED | Active |
|
| 6/5/2026Source: MRED | June 05, 2026 |
|
| 6/5/2026Source: NorthWest Illinois Alliance MLS | June 05, 2026 |