522 S State St Belvidere, IL 61008
Belvidere AreaEstimated payment $2,930/month
About This Home
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.
Listing Agent
Keller Williams Realty Signature License #475133262 Listed on: 06/05/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,732
Year Built
- Built in 1889
Home Design
- Metal Roof
- Concrete Siding
Interior Spaces
- 2-Story Property
- Basement
Kitchen
- Oven
- Stove
- Range
- Microwave
Parking
- 20 Car Parking Spaces
- Additional Parking
Schools
- Seth Whitman Elementary School
- Belvidere Central Middle School
- Belvidere North High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Separate Water Meter
- Gas Water Heater
Community Details
- 5 Units
- 3-Story Building
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2026 06/05/26 | For Sale | $450,000 | -- | $108 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202603280
APN: 05-25-360-007
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Ask me questions while you tour the home.