900 Blackhawk Boulevard, South Beloit, IL 61080
Multi-parcel property combines a retail building, a two-family residence, and adjacent parking for flexible ownership.
- Added:
- Jun 16, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 20 at 4:49 am
Property Features for 900 Blackhawk Boulevard
General Information
- Standard status
- Active
- Size
- 1,864 SF
- Property subtype
- Retail, Multifamily, Land
Building Details
- Year Built
- 1930
Listing agent Tom Ewing License #471001821
Listing office Gambino Realtors
Listing date Jun 16, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Gambino Realtors
HighLights
- Three‑parcel mixed‑use property in South Beloit along Blackhawk Boulevard
- 780 SF retail building currently operating as a slot machine parlor
- Two‑family apartment building with a detached garage for residential rental income
- Adjacent parking lot included for additional parking and operational flexibility
- 2025 real estate taxes for the three parcels are $6,054
- 24‑hour notice required for the apartment at 904 1/2 Blackhawk
Overview
The property is located along Blackhawk Boulevard in South Beloit, providing frontage and visibility for the retail component. An additional adjacent parking lot is included, which can support operations for either the retail or residential uses.
For investors or owner-users, the layout provides separate components that can be operated together or managed with flexibility across retail and residential. The combination of an income-producing residential building and an operating retail use, along with the added parking, may be attractive to buyers seeking a mixed-use structure within a single acquisition. Note that 24 hours’ notice is required for showings of the apartment at 904 1/2 Blackhawk. Members-only remarks apply, and showings are by broker contact.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $21.60 |
| − Vacancy | −$1.0k | −$0.56 |
| EGI | $39.2k | $21.04 |
| − OpEx | −$11.8k | −$6.31 |
| NOI | $27.5k | $14.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- South Beloit
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.04121
- Latitude
- 42.483751
