522 S State Street Belvidere, IL ^$ 475,000

522 S State Street

^$ 475,000

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522 S State Street

Belvidere, IL, 61008

^$ 475,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 2,963

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Commercial Property for sale in Belvidere, IL

for $475,000. This building was built in 1889 on a lot size of 0.084504.

Prime investment opportunity in the heart of downtown Belvidere. This mixed-use commercial property features a well-established main-level business with a full bar, kitchen, three pool tables, five slot machines, and entertainment amenities including a juke box. The second level offers five fully equipped loft areas, each with a microwave, refrigerator, and stove, all occupied by long-term tenants providing consistent rental income. The property is well-maintained with central air and ceiling fans throughout, and its strategic location near the planned Metra train station opening in 2027 positions it for strong future appreciation. This asset combines immediate cash flow with excellent long-term growth potential.

Commercial Active

Price

^$ 475,000

Property Type

Commercial

Taxes

^$ 5,732

Style

Lot Size

0.084504

Year Built

1889

Town/City

Belvidere

County/Region

Boone

MLS | Web ID

12486594

Features

General

Cooling Central Air

Year Built 1889

Electric Fuses

Stories Count 2

Property Subtype Mixed Use

Tax Year 2024

Gross Income 2725

County Boone

Insurance Expense 4750

Property Type Commercial Sale Mixed Use

Status Active

Directions i90 to Bus 20 to N State St

City Belvidere

Number Of Units Total 5

MLS Area Belvidere

Lot Size Square Feet 3681

Tax Annual Amount 5732

Electric Expense 0

Fuel Expense 50

Trash Expense 0

Water Sewer Expense 250

Additional Parcels Y/N Y

Standard Status Active

Total Actual Rent 2725

Exterior

Lot Dimensions 3681

* Excluded Features

List By

Keller Williams Realty Signature

Broker

fidel@fidelityrealestategrp.com

Affordability Calculator

$3,441

Per Month

Monthly Principal & Interest: $2,963
Monthly Property Taxes: $478
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Belvidere, IL

Average List Price ^$346,950

Percent of Sale Price 27%

About Belvidere, IL

25,295 Population

20% Since 2002

^$47,085 Median Income

35.47 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/3/2025	$475,000		Listed Price

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522 S State Street, Belvidere, IL, 61008 is a Commercial Property for sale at $475,000 with a lot size of 0.084504. 522 S State Street was built in 1889. The property's zip code is 61008 which is in Belvidere, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/9/2025.

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522 S State Street

Commercial Property for sale in Belvidere, IL

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