521 S State Street Belvidere, IL $ 420,000
521 S State Street
$ 420,000
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521 S State Street

Belvidere, IL, 61008
$ 420,000
Bedrooms-- Baths-- Sq 14,335

Monthly Estimate*

$ 2,620

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Commercial Property for sale in Belvidere, IL

for $420,000. This 14,335 square foot building was built in 1900 on a lot size of 0.23944.

State Street Commons - Downtown Belvidere Prime downtown Belvidere location! State Street Commons features 14 units, including 4 upper-level residential units and 10 main-level commercial spaces totaling 14,335 SF. The main level consists of one retail storefront (Unit 1) and nine office spaces, with some units combined over the years via connecting doors for flexible layouts. Several units feature updated central air conditioning, ensuring modern comfort for tenants or owners. The upper level includes a shell space, formerly a dance studio, offering potential for additional offices, studio, or creative space. Ample parking is available in front and behind the building, with convenient entrances from State Street and the rear via McInnes Court, providing easy access for employees and customers. Conveniently located just doors down from 5 Bines Brewery, CT Hobbies, Taqueria El Molcajete, the Community Building, and other thriving businesses, this property is in the heart of downtown Belvidere's vibrant business community. Located just a half-block from the future commuter train station, it is well-positioned to benefit from Belvidere's growing downtown revitalization. Perfect for investors or owner-occupiers seeking versatile commercial and mixed-use opportunities.

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Commercial Active

Price

$ 420,000

Property Type

Commercial

Taxes

$ 9,199

Style

Lot Size

0.23944

Year Built

1900

Town/City

Belvidere

County/Region

Boone

MLS | Web ID

12531321

Features
General
Cooling Central Air
Possession Tenant's Rights
Zoning COMMR
Construction Materials Brick
Year Built 1900
Electric Circuit Breakers
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 73500
County Boone
Insurance Expense 1250
Property Type Commercial Sale Mixed Use
Status New
Directions Logan Ave. or S State St. to the building there is parking behind the building
City Belvidere
Number Of Units Total 14
MLS Area Belvidere
Lot Size Square Feet 10430
Tax Annual Amount 9199
Electric Expense 3660
Fuel Expense 5985
Trash Expense 3484
Water Sewer Expense 1902
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 14335
Lot Dimensions 85.5 x 100
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* Excluded Features
List By
Berkshire Hathaway Homeservices Starck Real Estate

Broker

debbiecarlson@starckre.com

Email

Affordability Calculator

$3,387
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,620
Monthly Property Taxes
$767
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$420,000 Listed Price

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521 S State Street, Belvidere, IL, 61008 is a Commercial Property for sale at $420,000 with 14,335 sqft and a lot size of 0.23944. 521 S State Street was built in 1900. The property's zip code is 61008 which is in Belvidere, IL