132 N State Street , Belvidere, IL 61008
Belvidere, IL 61008
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.
Details
| MLS# | 12157093 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 124 |
| Listing Provided By | Berkshire Hathaway HomeServices Starck Real Estate | Debbie Carlson |
Features
| SQ Feet | 3,240 |
|---|---|
| Story(s) | 2 |
| Zoning | COMMR |
Market Activity 61008
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Learn More About This Property
| State | IL |
|---|---|
| County | Boone |
| City | Belvidere |
| Zip Code | 61008 |
| Area | Belvidere |
| Listing VS Median (in 61008) | |
Price: $400,000 low | high Med: $261,250 SqFt: 3,240 low | high Med: 1,723 $ / SqFt: $123 low | high Med: $153 On Site: 124 low | high Med: 38.000000 | |