Property for Sale: 132 N State, Belvidere, IL 61008

$400,000
$400,000
132 N State, Belvidere, IL 61008
$400,000
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Price:
$400,000

Type Commercial

City Belvidere
County Boone

MLS 12157093
Status Active
Rare Opportunity in Historic Downtown Belvidere, IL! Seize the chance to own a thriving restaurant business, complete with gaming option, bar plus a private apartment, all under one roof in the heart of Historic Downtown Belvidere, a city known for its murals. This well-established restaurant has recently been totally remodeled and is a local favorite, boasting a loyal clientele. Offering multiple streams of income from restaurant sales, gaming, alcohol, and rent from the apartment, this property is perfect for investors or owner-occupants alike. The first floor has been fully remodeled and updated, ensuring a modern and welcoming environment for guests and patrons. The current business owner is willing to lease back for a year at $3,000/month, ensuring a smooth transition. The spacious four-bedroom apartment is currently rented for $1,200/month, features a large kitchen with sliders leading to a deck, a washer and dryer, and plenty of room for a comfortable living experience. The restaurant itself is equipped with a full-service kitchen and recently updated throughout. The basement offers ample storage, including a walk-in cooler, ideal for business operations. Situated in a high-foot-traffic area near popular attractions such as the Apollo Theater and other local businesses, this property is a prime spot for visibility and customer flow. Additionally, a future passenger train service is set to arrive in downtown Belvidere, further enhancing accessibility and business potential. Whether you're looking for an income-generating investment or a home-based business opportunity, this versatile property offers endless possibilities. Don't miss out on this incredible chance to own a piece of Belvidere Illinois downtown.

Lot & Building Features

Construction Brick
Cooling Central Air
Tax Year 2023
Lot Dimensions 30 X 180 ft

Price History of 132 State, Belvidere, IL

Date Name Price Difference
12/31/1969 Listing Price $400,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Bill Biros
Bill Biros
Broker/Owner
Direct: 708-237-7711
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Berkshire Hathaway HomeServices Starck Real Estate, Debbie Carlson
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20%
1%
6.75%
$
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$
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132 State (MLS #12157093) is a commercial listing located in Belvidere, IL. This property was listed on 09/19/2024 and has been priced for sale at $400,000.

Nearby zip codes are 61011, 61016, 61065, 61107 and 61114. This property neighbors other cities such as Caledonia, Cherry Valley, Poplar Grove and Rockford.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Berkshire Hathaway HomeServices Starck Real Estate