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    522 S State St Belvidere, IL 61008

    For Sale
    $475,000

    5+ Units - BELVIDERE, IL

    Property size:
    1,000 SF
    Days on Market:
    62
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 522 S State St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    0525360007
    Parking
    20
    Interior features
    Additional Parking
    Appliances
    Cooktop, Microwave, Refrigerator
    Size
    1,000 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    Signature Real Estate Brokerage, LLC (815) 315-1111 [email protected]

    Listing agent Fidel Batres (815) 315-1111 License #475133262

    Listing date Oct 6, 2025

    MLS# 202506148 Listing URL

    Copyright © 2025 Rockford Area MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Downtown Belvidere

    This mixed-use commercial property is located in downtown Belvidere. The main level features a business with a full bar, kitchen, three pool tables, five slot machines, and entertainment amenities including a juke box. The second level contains five fully equipped loft areas, each including a microwave, refrigerator, and stove. These lofts are occupied by long-term tenants, providing rental income. The property is equipped with central air and ceiling fans throughout. The property is near the planned Metra train station opening in 2027. The property size is 1000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crazy Camaron Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belvidere
    County
    Boone
    State
    Illinois
    Longitude
    -88.83893
    Latitude
    42.255436

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with bar, kitchen, and residential lofts.
    Where is this mixed-use property located?
    The property is located at 522 S State St Belvidere, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Established main-level business with **full bar, kitchen, pool tables, and slot machines provides immediate cash flow.**; - Five fully equipped loft apartments with long-term tenants ensure consistent rental income.; - Strategic downtown location near the planned Metra train station (opening 2027) offers **strong future appreciation potential.**
    (815) 315-1111
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    Belvidere, IL 61008
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    522 S State St Belvidere, IL 61008
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