Sharon Tahere
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
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: Commercial - Business
Building Description: 2.0 stories
Year Built: 1889
General Information
County: Boone
Listed By:
Keller Williams Realty Signature
815-315-1111
MRED MLS
MLS ID: 12669314
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522 S State Street, Belvidere, IL 61008.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 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 |
Sharon Tahere
REALTOR®
Office: (563) 441-5057
Cell: (563) 570-2141
Licensed in IA
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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