506 South State Street

Belvidere, IL 61008

$299,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment Opportunity! 100% Leased - Two Story Mixed-Use Building. Niko's Cabin Bar Occupies the First Floor (business not included in sale) and Residential Tenant Occupies the Second Floor. 2,200 SF.Investment Opportunity! 100% Leased - Two Story Mixed-Use Building. Niko's Cabin Bar Occupies the First Floor (business not included in sale) and Residential Tenant Occupies the Second Floor. 2,200 SF.
  1. Listed by Timothy Billimack • Blue Chip Commercial Real Estate

Property Details for 506 South State Street

Area
Belvidere
Township
Belvidere
LISTING UPDATED: 09/16/2024 09:45 AM

Property Details for 506 South State Street

StatusActive
MLS #12021238
Days on Market212
Taxes$2,228 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1900
Lot Size0.03 AC / 1,306 SF
CountyBoone County

Building Information for 506 South State Street

Stories2Residences2Year Built1900Lot Size0.03 AC / 1,306 SF

Property Information for 506 South State Street

General Information
Addtl Parking Information
  • Outdoor Parking: Parking-Street
Location and General Information
  • Geographic Locale: North Suburban
  • Information: Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 20 X 55
  • Lot Size Square Feet: 1306.0
  • Stories: 2
  • Fire Protection: Other
  • Building Area Total: 2200
  • # Of Offices: 0
  • Other SqFt: 1100
  • Retail SqFt: 1100
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Possible Use: Commercial
  • Public Document Count: 0
  • Photos Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $3,111.00
  • Gross Scheduled Income: $37,332.00
  • Insurance Expense: $.00
  • Total Monthly Income: 3111
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 506 South State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 South State Street

Taxable ValueLand$1,481Additions$27,969Total$29,450
Tax Record2023$2,753 ($229 / month)
Home Facts
Total Finished SqFt1,100 SqFtAbove Grade Finished SqFt1,100 SqFtStories2Lot Size1,111 SqFtStyleMiscellaneous CommercialYear Built1896Year Renovated1970CountyBOONEAPN05-25-360-001

Schools near 506 South State Street

This home is within Belvidere Community Unit School District 100.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

Belvidere South Middle School
Public6 to 8

Belvidere High School
Public9 to 12

Everest High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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506 South State Street is a mixed use property for sale in Belvidere, IL 61008. This property was listed for sale on April 22, 2024 by Blue Chip Commercial Real Estate, it's currently listed at $299,000. This listing's school district is Belvidere Community Unit School District 100. Nearby schools include Lincoln Elementary School, Belvidere South Middle School and Belvidere High School. 506 South State Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Blue Chip Commercial Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/16/2024 09:45 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.