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522 S State Street Belvidere, IL 61008 • Multi Unit - Multiple • Active

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Description

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.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 4,180
County: Boone
Listed By:
Keller Williams Realty Signature
Rockford Board of Realtors
$450,000
Est. $2,944/mo
4,180sqft
Active
BEDS0 BATHS SQUARE FEET4,180 MLS#202603280
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLBelvidere 100
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Shown By

Sharon Tahere
 (563) 570-2141

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522 S State Street, Belvidere, IL 61008.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $450,000$450,000$450,000
Down Payment $90,000$15,750$112,500
Monthly Mortgage Amount $2,187$2,721$2,780
Taxes $626$626$626
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$198$0
Monthly Estimated Total $2,944$3,676$3,537

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