522 S State Street
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.
- Olive Taco 250 ft
- Coach’s Corner Bar & Grill 500 ft
- Steam Plant Famly Resaurant 1000 ft
- Sips & Sprinkles 0.2 mi
- S.S. Subs 0.3 mi
- Uncle John's 0.7 mi
- Mobil Mart 0.3 mi
- 7-Eleven 0.4 mi
- Marathon 0.9 mi
- BP Shop 0.9 mi
- Mr. Quick's 0.9 mi
- Mobil Mart 0.9 mi
- Doty Park 0.2 mi
- Bob's Park 0.3 mi
- Tot Lot Park 0.6 mi
- Cinderslate Park 0.7 mi
- Bloom Playground 1.1 mi
- Winteroath Park 1.2 mi
- Speedy Café 1.2 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12669314