506 S State Street Belvidere, IL ^$ 299,000

506 S State Street

^$ 299,000

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506 S State Street

Belvidere, IL, 61008

^$ 299,000

Studio Baths0.0 Sq 2,200

Monthly Estimate*

^$ 1,987

506 S State Street, Belvidere, IL 61008 - Image 1

Studio

Commercial Property for sale in Belvidere, IL

for $299,000. This 2,200 square foot building was built in 1900 on a lot size of 0.029982.

Investment Opportunity! 100% Leased - Two Story Mixed-Use Building. Niko's Cabin Bar Occupies the First Floor (business not included in sale) and Residential Tenant Occupies the Second Floor. 2,200 SF.

Commercial Active

Price

^$ 299,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,228

Style

Lot Size

0.029982

Year Built

1900

Town/City

Belvidere

County/Region

Boone

MLS | Web ID

12021238

Features

General

Cooling Central Air

Year Built 1900

Electric Circuit Breakers

Tenant Pays Other

Stories 2

Township Belvidere

Property SubType Apts/Stores

Tax Year 2022

Gross Income 3111

County Boone

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Possible Use Commercial

Status Active

Directions Located at Intersection of S State St and Buchanan St

City Belvidere

NumberOfUnitsTotal 2

MLS Area Belvidere

Lot Size Square Feet 1306

Street Name State

Tax Annual Amount 2228

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Days on Market 6

Lease Type Gross

Standard Status Active

Exterior

Building Area Total 2200

Lot Dimensions 20 X 55

Interior

Street Suffix Street

* Excluded Features

List By

Blue Chip Commercial Real Estate

Broker

billimackt@gmail.com

Affordability Calculator

$2,173

Per Month

Monthly Principal & Interest: $1,987
Monthly Property Taxes: $186
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Belvidere, IL

Average List Price ^$299,000

Percent of Sale Price 0%

About Belvidere, IL

25,295 Population

20% Since 2002

^$47,085 Median Income

35.47 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2024	$299,000		Listed Price

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506 S State Street, Belvidere, IL, 61008 is a Commercial Property for sale at $299,000 with 2,200 sqft and a lot size of 0.029982. 506 S State Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 61008 which is in Belvidere, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/12/2024.

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506 S State Street

Commercial Property for sale in Belvidere, IL

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