Great investment opportunity to purchase a centrally located 3-story building in the heart of downtown Belvidere. This property has been highly reduced due to needed mason repair. 1st floor space boasts an abundance of natural light, highlighted by its ornate high ceilings adorned with original light fixtures, creating a bright and inviting atmosphere. 2nd floor currently rented. 3rd floor unfinished space providing numerous possibilities for future development or customization. A gated patio at the back of the building offers additional outdoor space. Don't miss this rare location! *Historical property with potential tax incentives. See attached inspection reports.
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.
The median home value in Belvidere, IL is $191,100. This is lower than the county median home value of $214,100. The national median home value is $338,100. The average price of homes sold in Belvidere, IL is $191,100. Approximately 69.57% of Belvidere homes are owned, compared to 25.08% rented, while 5.34% are vacant. Belvidere real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Belvidere real estate agent to arrange a tour today!
Belvidere, Illinois 61008 has a population of 25,179. Belvidere 61008 is less family-centric than the surrounding county with 27.73% of the households containing married families with children. The county average for households married with children is 31.2%.
The median household income in Belvidere, Illinois 61008 is $57,507. The median household income for the surrounding county is $74,076 compared to the national median of $69,021. The median age of people living in Belvidere 61008 is 36.9 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 12.7 degrees. The average rainfall is approximately 36.8 inches per year, with 34.7 inches of snow per year.