Mixed-Use Building with Bar and
For Sale
Contact for pricing
522 S State Street, Belvidere, IL 61008
Turnkey mixed-use property combining an established bar with fully occupied residential lofts and central air.
Property SizeContact for details
Days on Market67
Property Features for 522 S State Street
General Information
Standard status
Active
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
5
Building Details
Year Built
1889
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Keller Williams Realty Signature
(815) 290-0333
Listed By:
Fidel Batres · License #475133262
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 9 at 8:15AM
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 Keller Williams Realty Signature
Investment Insights
Based on property information with market context.
This mixed-use building offers an established bar on the main level alongside five occupied residential lofts on the upper floors. The bar includes a full kitchen, five gaming machines, and three pool tables. The building is described as well maintained and includes central air conditioning throughout.
Located in the heart of Downtown Belvidere, the property is also noted as being just minutes from a planned Metra station expected in 2027. The combination of street-level entertainment and upstairs housing supports a self-contained use profile within the downtown area.
For buyers or operators seeking a turn-key income-producing asset, the key feature is that the building is currently set up as a functioning bar with the gaming and pool amenities included, while the five loft units are fully occupied by long-term tenants and equipped with a stove, refrigerator, and microwave. This configuration may appeal to investors looking to diversify income across commercial and residential components within a single property, while keeping day-to-day operations centered on an already-established main-level venue.
Located in the heart of Downtown Belvidere, the property is also noted as being just minutes from a planned Metra station expected in 2027. The combination of street-level entertainment and upstairs housing supports a self-contained use profile within the downtown area.
For buyers or operators seeking a turn-key income-producing asset, the key feature is that the building is currently set up as a functioning bar with the gaming and pool amenities included, while the five loft units are fully occupied by long-term tenants and equipped with a stove, refrigerator, and microwave. This configuration may appeal to investors looking to diversify income across commercial and residential components within a single property, while keeping day-to-day operations centered on an already-established main-level venue.
Key Highlights
- 1889 mixed‑use building with an established bar on the main level and five residential lofts upstairs
- Main‑level bar includes a full kitchen plus 5 gaming machines and 3 pool tables
- All five residential lofts are fully occupied by long‑term tenants
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Multifamily in Midwest region
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Similar Off Market Nearby
- Olivo Gaming and Bar — 112 W Pleasant St, Belvidere, IL 61008
- Jack Rose LLC — 124 Buchanan St, Belvidere, IL 61008
- Niko's Cabin — 506 S State St, Belvidere, IL 61008
- Coach’s Corner Bar & Grill — 622 S State St, Belvidere, IL 61008
- Crazy Camaron — 522 S State St, Belvidere, IL 61008
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey mixed-use property combining an established bar with fully occupied residential lofts and central air.
Where is this bar & pub located?
The property is located at 522 S State Street Belvidere, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1889 mixed‑use building with an established bar on the main level and five residential lofts upstairs; Main‑level bar includes a full kitchen plus 5 gaming machines and 3 pool tables; All five residential lofts are fully occupied by long‑term tenants
