132 N State Street Belvidere, IL 61008
Rare Opportunity in Historic Downtown Belvidere, IL! Seize the chance to own a thriving restaurant business, complete with gaming option, bar plus a private apartment, all under one roof in the heart of Historic Downtown Belvidere, a city known for its murals. This well-established restaurant has recently been totally remodeled and is a local favorite, boasting a loyal clientele. Offering multiple streams of income from restaurant sales, gaming, alcohol, and rent from the apartment, this property is perfect for investors or owner-occupants alike. The first floor has been fully remodeled and updated, ensuring a modern and welcoming environment for guests and patrons. The current business owner is willing to lease back for a year at $3, 000/month, ensuring a smooth transition. The spacious four-bedroom apartment is currently rented for $1, 200/month, features a large kitchen with sliders leading to a deck, a washer and dryer, and plenty of room for a comfortable living experience. The restaurant itself is equipped with a full-service kitchen and recently updated throughout. The basement offers ample storage, including a walk-in cooler, ideal for business operations. Situated in a high-foot-traffic area near popular attractions such as the Apollo Theater and other local businesses, this property is a prime spot for visibility and customer flow. Additionally, a future passenger train service is set to arrive in downtown Belvidere, further enhancing accessibility and business potential. Whether you're looking for an income-generating investment or a home-based business opportunity, this versatile property offers endless possibilities. Don't miss out on this incredible chance to own a piece of Belvidere Illinois downtown.
- Property TypeBusiness Opportunity
- NeighborhoodN/A
- CountyBoone
- Taxes$4,571
- HOA/Condo/Coop Fees$0
- Days on Site7 Days
- MLS StatusActive
- MLS ID Number12157093
- Home Size Source N/A
- Year BuiltN/A
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Number of Stories 2
- Zoning COMMR
- Lot Size Less Than .25 Acre
- Number Of Stories 2
Interior Features
- Cooling Central Air
Exterior Features
- Waterfront Property No
- Construction Details Brick
Community Features
- MLS Area Belvidere