132 N State Street Belvidere, IL 61008
3,240 Sq. Ft. / 1,089 Sq. Ft., 0.025 acres lot size / Business Opportunities
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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 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.
property details
Type
Business Opportunities
Status
Active
County
Boone
Sq. Ft.
3,240
Lot Size
1,089 Sq. Ft.
Listing Id
12157093
Courtesy Of
Debbie Carlson - Berkshire Hathaway HomeServices Starck Real Estate +1 815-988-5568
List Office Phone
+1 (815) 544-1005
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Stories
2
Utility & Building Info
Parcel Number
0526433019
Cooling
Central Air
Tax Amount
4571
Building Area Total
3,240 Sq. Ft.
Price Per Sq Ft
$108
Architectural Style
2 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
03/20/2025
03/20/2025
|
Active |
$349,900
|
MRED- Midwest Real Estate Data MLS |
|
09/19/2024
09/19/2024
|
Active |
$400,000
|
MRED- Midwest Real Estate Data MLS |
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Market Trends
Source: Constellation1
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