506 State St Belvidere, IL 61008-3709

This exceptional investment opportunity presents a fully leased, two-story mixed-use building located at 506 S State Street in Belvidere, Illinois. The property boasts a total area of 2,200 square feet and sits on a lot with no acreage specified. Currently, the ground floor is entirely occupied by Niko's Cabin Bar, operating under a separate lease agreement and not included in the sale of the building itself. The second floor is occupied by a residential tenant, providing a stable stream of rental income. This unique configuration offers a compelling blend of commercial and residential income streams, making it an attractive proposition for investors seeking diversification and consistent cash flow. The building's location on State Street in Belvidere provides excellent visibility and accessibility, further enhancing its investment potential. The asking price for this turnkey investment property is $299,000. Financial records and lease agreements are available upon request for qualified buyers. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. Serious inquiries only. Don't miss out on this chance to add a high-performing asset to your portfolio.