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$390,000
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Property Description
Prime Downtown Belvidere Mixed-Use Investment Opportunity! This turnkey property offers strong, immediate cash flow with an established bar on the main level featuring a full kitchen, 5 gaming machines, and 3 pool tables. Upstairs, you'll find five fully occupied residential lofts, each equipped with a stove, refrigerator, and microwave, and occupied by long-term tenants. The building has been well maintained and features central air conditioning throughout. Located in the heart of Downtown Belvidere and just minutes from the planned Metra station expected in 2027, this property is well positioned for future growth, increased demand, and long-term appreciation. A rare opportunity to acquire a fully occupied, income-producing asset in a rapidly developing area.
Full Property Details
Full Property Details for 522 S State St
General
- Sold For: $390,000
- Taxes: $5,754 (2025)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12669314
- Added to Site: 126 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
- Security Deposit: Alarm Monitored
- Assessment Year: 1889
- Tax Amount: $5,754
- Tax Year: 2025
Disclosures and Reports
- Property ID: 525360007
Listed by Keller Williams Realty Signature
Sold by Gambino Realtors Home Builders
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Schools
Schools serving 522 S State St
School District:Belvidere Consolidated Unit School District 100
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Belvidere, IL 1011 Bonus Avenue, Belvidere, IL 61008 | K-5 | 1.4 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 522 S State St
Date
Details
Price
Change
Source
9/04/2026
Sold
$390,000
-13.33%
MLS
6/05/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
522 S State Street, Belvidere, IL 61008 (MLS# 12669314) is a Commercial property that was sold at $390,000 on September 04, 2026. 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.

