IL > Belvidere
Belvidere, IL 61008,132 N State ST
Belvidere, IL 61008,132 N State ST
Belvidere, IL 61008,132 N State ST
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$400,000
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3,240 SqFt
Active

132 N State ST Belvidere, IL 61008

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John Barnak

John Barnak

+1(630) 439-6385

UPDATED:

09/25/2024 05:46 AM

Key Details

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Active

Purchase Type For Sale

Square Footage 3,240 sqft

Price per Sqft $123

MLS Listing ID 12157093

Annual Tax Amount $4,571

Tax Year 2023

Lot Dimensions 30 X 180

Property Sub-Type Bus / Bus w/Real Est

Property Description

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.

Location

State IL

County Boone

Area Belvidere

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Bus / Bus w/Real Est

Level or Stories 2

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Debbie Carlson • Berkshire Hathaway HomeServices Starck Real Estate

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John Barnak

Broker | License ID: 471019889

+1(630) 439-6385

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132 N State ST

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