Active
132 N State Street
Belvidere IL, 61008
$400,000
$123.46 per sqft
Active
3,240 sqft
Commercial
Courtesy of Berkshire Hathaway HomeServices Starck Real Estate
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.
12157093
MLSⓇ ID
September 19, 2024
Listed
November 22, 2024
Updated
Map
132 N State Street
Belvidere IL, 61008
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.03 Acres
Other Property Details
Area Name
Belvidere
Taxes
$4,571
Tax Frequency
Annually
Days on Market
6
Garage
No
View
No
County
Boone
Pool
No
Zoning
COMMR
Courtesy of Berkshire Hathaway HomeServices Starck Real Estate, Debbie Carlson,
Listing Contact: 815-988-5568
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Data last updated 7:18 AM UTC, 11/22/2024