506 State StBelvidere, IL 61008

Property Details for 506 State St

Year built

1896

Construction

MIXED

Lot size

0.03 AC

Property size (Sq ft)

1,100 SF

Property type

Commercial real estate

APN

05-25-360-001

APU

525360001

Description

This exceptional investment opportunity presents a fully leased, two-story mixed-use building located at 506 S State Street in Belvidere, Illinois. The property boasts a total area of 2,200 square feet and sits on a lot with no acreage specified. Currently, the ground floor is entirely occupied by Niko's Cabin Bar, operating under a separate lease agreement and not included in the sale of the building itself. The second floor is occupied by a residential tenant, providing a stable stream of rental income. This unique configuration offers a compelling blend of commercial and residential income streams, making it an attractive proposition for investors seeking diversification and consistent cash flow. The building's location on State Street in Belvidere provides excellent visibility and accessibility, further enhancing its investment potential. The asking price for this turnkey investment property is $299,000. Financial records and lease agreements are available upon request for qualified buyers. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. Serious inquiries only. Don't miss out on this chance to add a high-performing asset to your portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $227,341

  Hospitality

  $208,243

  Educational

  $173,256

  Medical

  $179,215

  Retail

  $269,509

Location Insight

City

Belvidere

County

Boone

State

Illinois

Latitude

42.2558

Longitude

-88.8394

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].