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Maria's Pizza 132 N State St

5,034 SF Retail Building Belvidere, IL 61008 $566,988 CAD ($113 CAD/SF)

Executive Summary

Restaurant Business, Apartment and building

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,034 SF
Building Class
C
Year Built/Renovated
1936/2005
Price
$566,988 CAD
Price Per SF
$113 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.57
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
CB - Central Business Zoning
Parking
2 Spaces (0.4 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Air Conditioning
  • Balcony

About 132 N State St , 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.

Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Planet Fitness
Ymca
PNC Bank
ALDI
Midland States Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-26-433-019
Land Assessment
$3,658 CAD
Improvements Assessment
$66,038 CAD
Total Assessment
$69,696 CAD
  • Listing ID: 33251586

  • Date on Market: 2024-09-20

  • Last Updated:

  • Address: 132 N State St, Belvidere, IL 61008

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