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$260,000
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Property Description
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.
Full Property Details
Full Property Details for 521 S State St
General
- Sold For: $260,000
- Taxes: $9,199 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12531321
- Added to Site: 158 day(s) ago
Location
- Area: Belvidere
- County: Boone
- Driving Directions: Logan Ave. or S State St. to the building, there is parking behind the building
- Location Details: Out of Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 14,335
- # of Stores: 2
- Year Built: 1900
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 10,430
- Lot Dimensions: 85.5 x 100
- Zoning: COMMR
Financial Considerations
- Lease Price: $1
- Assessment Year: 1900
- Tax Amount: $9,199
- Tax Year: 2024
Disclosures and Reports
- Property ID: 525357045
Listed by Berkshire Hathaway HomeServices Starck Real Estate
Sold by Salazar Realty LLC
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Schools
Schools serving 521 S State St
School District:Belvidere Consolidated Unit School District 100
| Name | Grades | Distance |
|---|---|---|
Washington Academy 1031 5th Avenue, Belvidere, IL 61008 | PK-8 | 0.6 mi |
Belvidere South Middle School 919 East 6th Street, Belvidere, IL 61008 | 6-8 | 0.8 mi |
Belvidere High School 1500 East Avenue, Belvidere, IL 61008 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 521 S State St
Date
Details
Price
Change
Source
5/12/2026
Sold
$260,000
-38.1%
MLS
12/18/2025
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
521 S State Street, Belvidere, IL 61008 (MLS# 12531321) is a Commercial property that was sold at $260,000 on May 12, 2026. Want to learn more about 521 S State Street? Do you have questions about finding other Commercial real estate for sale in Belvidere? You can browse all Belvidere real estate or contact a Coldwell Banker agent to request more information.

