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Remodeled Downtown Storefront Building
For Sale
$214,900

121 South State Street, Belvidere, IL 61008

Move-in ready commercial building with updated HVAC, roof, electrical, plumbing, and an ADA-compliant restroom.

Property Size7,324 SF
Price / SF$29.34
Days on Market215

Property Features for 121 South State Street

General Information

Standard status Active
Size 7,324 SF
Zoning COMMR

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $3,104

Building Details

Year Built 1954
Stories 1
Listing Agency: Door to Door Realty
Listed By: Brenda Jones · License #475126376
Source: Compass
Added: Jan 7 Changed: Aug 8 Last Checked: Jul 23 at 12:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Door to Door Realty

Investment Insights

Based on property information with market context.

This remodeled downtown storefront property offers move-in readiness for a new business, with updates described as new HVAC, roof, electrical, and plumbing. The building also includes ADA-compliant bathroom facilities and interior renovations.

The property is located on South State Street in Belvidere, within the downtown area. Public remarks indicate the surrounding community includes local shops, dining, festivals, and scenic parks along the Kishwaukee River, with convenient access toward Rockford and I-90.

The combination of multiple system upgrades and interior improvements supports a turnkey option for an owner-operator or tenant looking to avoid near-term capital work.

Key Highlights

  • Commercial building built in 1954 in downtown Belvidere
  • Recently remodeled with new HVAC, roof, electrical, and plumbing
  • ADA‑compliant bathroom

Property Analytics

Current Use

Las Guacamayas Grocery & Convenience Store Rosa Martinez Tax Preparation Destruction Wizard Clothing Clothing Store CTEC Shack Electronics & Wireless Store Dr. Himanshi Thakkar Dental Office

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Restaurant Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
6,059 visits/mo 0.2 miles
PNC Bank Shops & Services
5,295 visits/mo 0.1 miles

Demographics for 61008, IL

33,747
Population
13,406
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
84.3 sq mi
ZIP Area
400
Density / Sq Mi
$75,833
Median Household Income
$38,509
Median Earnings
$953
Median Rent
$185,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Flower Bin Etc 227 Logan Ave, Belvidere, IL 61008

Frequently Asked Questions

What type of property is this?
Storefront property - Move-in ready commercial building with updated HVAC, roof, electrical, plumbing, and an ADA-compliant restroom.
Where is this storefront property located?
The property is located at 121 South State Street Belvidere, IL.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Commercial building built in 1954 in downtown Belvidere; Recently remodeled with new HVAC, roof, electrical, and plumbing; ADA‑compliant bathroom
More about this property
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