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$475,000

  • For Sale
  • Active
  • Commercial
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Turnkey mixed-use investment in the heart of Downtown Belvidere. This property offers immediate cash flow with an established main-level bar, featuring a full kitchen, 5 slot machines, and 3 pool tables. The second level houses five fully equipped residential lofts (stove/fridge/microwave included), all occupied by long-term tenants. Well-maintained with Central A/C throughout. Situated near the future 2027 Metra station, this asset is positioned for exceptional appreciation and consistent income.

Full Property Details for 522 S State St

General

  • Price: $475,000
  • Taxes: $5,732 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12486594
  • Updated: 1/23/2026
  • Added to Site: 139 day(s) ago

Additional Information

  • Security/Safety: Alarm Monitored

Location

  • Area: Belvidere
  • County: Boone
  • Driving Directions: i90 to Bus 20 to N State St
  • Location Details: Southwest Suburban

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Structural Information

  • Stories/Levels: 2
  • # of Stores: 1
  • Year Built: 1889
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 3,681
  • Lot Dimensions: 3681

Financial Considerations

  • Lease Price: $9
  • Insurance Fee: $4,750
  • Security Deposit: Alarm Monitored
  • Assessment Year: 1889
  • Tax Amount: $5,732
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 525360007

Listed by Keller Williams Realty Signature

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— 522 S State St —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 522 S State St

School District:Belvidere Consolidated Unit School District 100
NameGradesDistance
Lincoln Elementary School, Belvidere, IL
1011 Bonus Avenue, Belvidere, IL 61008
K-51.4 mi
Belvidere South Middle School
919 East 6th Street, Belvidere, IL 61008
6-80.8 mi
Belvidere High School
1500 East Avenue, Belvidere, IL 61008
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 522 S State St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/03/2025
Listed
$475,000
90%
MLS
8/21/2007
Sold
$250,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 522 S State St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,906
-5%
$56,752
3%
2023
$5,164
—
$55,242
5%
2022
$5,164
3%
$52,819
2%
2021
$5,036
-8%
$51,880
—
2019
$5,476
-4%
$51,880
—
2018
$5,727
—
$51,880
—
2018
$5,727
1%
$51,800
2%
2016
$5,653
-3%
$50,959
—
2015
$5,815
—
$50,959
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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522 S State Street, Belvidere, IL 61008 (MLS# 12486594) is a Commercial property. 522 S State Street is currently listed for $475,000 and was received on October 03, 2025. Want to learn more about 522 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.

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