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- LoopNet Team
107-109 N State St
Belvidere, IL 61008
Retail Property For Sale
PROPERTY FACTS
- Storefront Retail/Residential
- General Retail Restaurant
- OfficeLoft Creative Space
- Office Office Live Work Unit
About 107-109 N State St , Belvidere, IL 61008
Price Reduced! In historical Down Town Belvidere a 2 Story Brick building with full basement. Lots of possibilities. Roof was recently done. Windows in 2nd floor apartments have been replaced. City has recently invested in Street lighting, Walking Paths, Landscaping and City of Murals project in beautiful Down Town Belvidere. River Front and Parks are also Adjacent to Property. City has free parking lot next door to property with 25 to 30 spots plus parking in front and behind building with about 8 more spots. Each level has 2982 sq/ft first floor, 2982 sq/ft second floor and 2982 sq/ft basement. First floor is currently a pet store. At one time First level was a Restaurant and Bar on one half and was retail shop on other half. If someone would like it may be possible to convert back to Restaurant and Bar with Gaming for additional income. First Floor space can also be used as 2 separate units if that is what you want or need. The second floor was used as 2 apartments in the past. Currently not rented. Second Floor Could also be used as office space. Second floor is also divided with separate utilities & Heating GFA systems. Basement is divided into 2 half's The one half as a dog training area and is finished. The other half of the basement is being used as storage. The current owner of the building also owns the pet shop on the first floor. The owner would like to sell the building listed at $195,000.00 and the pet store business and inventory at $100,000.00. Owner would consider selling on contract with acceptable terms. Owner would also consider selling the building or the Business on its own. Or selling business and leasing business space in building. Bring your ideas to make this property work for you.
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PROPERTY TAXES
Parcel Number | 05-26-434-009 | Improvements Assessment | $40,836 |
Land Assessment | $7,413 | Total Assessment | $48,249 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 13582067
Date on Market: 8/23/2018
Last Updated:
Address: 107-109 N State St, Belvidere, IL 61008
The Retail Property at 107-109 N State St, Belvidere, IL 61008 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.