Prime Downtown Belvidere Mixed-Use Investment Opportunity! This turnkey property offers strong, immediate cash flow with an established bar on the main level featuring a full kitchen, 5 gaming machines, and 3 pool tables. Upstairs, you'll find five fully occupied residential lofts, each equipped with a stove, refrigerator, and microwave, and occupied by long-term tenants. The building has been well maintained and features central air conditioning throughout. Located in the heart of Downtown Belvidere and just minutes from the planned Metra station expected in 2027, this property is well positioned for future growth, increased demand, and long-term appreciation. A rare opportunity to acquire a fully occupied, income-producing asset in a rapidly developing area.
Sold for $390,000
Zillow last checked:
Listing updated:
Bought with:
Aimee Leon, 475201058
Gambino Realtors
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202603280
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Sold | $390,000-13.3%$93/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202603280 Report a problem | ||
| 8/12/2026 | Pending sale | $450,000$108/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202603280 Report a problem | ||
| 6/5/2026 | Listed for sale | $450,000-5.3%$108/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202603280 Report a problem | ||
| 5/7/2026 | Listing removed | $475,000$114/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202506148 Report a problem | ||
| 10/3/2025 | Listed for sale | $475,000$114/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202506148 Report a problem | ||
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Estimated market value
$421,100
