521 S State St

Belvidere, IL 61008

$420,000
Price
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a building view
a view of a brick building with a large window
a view of a livingroom with furniture and windows
a view of a dining room with furniture and wooden floor
a living room with furniture and a chandelier
an empty room with a ceiling fan and a window
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a view of work space with furniture and air conditioner vent
a reading room with furniture and a air conditioner vent
a view of a small space
a kitchen with a refrigerator and a stove
a view of a livingroom with an empty space and a window
a view of an empty room
a bathroom with a sink and toilet
a bathroom with a toilet and a shower
a dining room with furniture a rug and wooden floor
a view of living room with furniture and a window
a room that has a couch and a table in it
a living room with furniture and wooden floor
a living room with furniture
a room with storage and utility
a workspace with furniture and a window
a view of a workspace with furniture and a window
a room with furniture and a book shelf
a living room with couch and a table
a view of a workspace with furniture
a room with a bed and a window
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a living room with furniture and a flat screen tv
a bedroom with a bed and a flat screen tv
a bathroom with a sink toilet and mirror
a view of room and window
a bedroom with a bed and a mirror
an empty room with a window
a kitchen with a sink and cabinets
a living room with furniture and a flat screen tv
a view of empty room
a kitchen with a stove and a refrigerator
a living room with furniture and a chair
a bed room with a bed and a window
a view of yard
a living room with furniture a rug and white walls
a room with stainless steel appliances kitchen island granite countertop a refrigerator a stove a sink and white cabinets with wooden floors
a living room with furniture and a flat screen tv
a view of a street with garage
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Description

State Street Commons - Downtown Belvidere Prime downtown Belvidere location! State Street Commons features 14 units, including 4 upper-level residential units and 10 main-level commercial spaces totaling 14,335 SF. The main level consists of one retail storefront (Unit 1) and nine office spaces, with some units combined over the years via connecting doors for flexible layouts. Several units feature updated central air conditioning, ensuring modern comfort for tenants or owners. The upper level includes...State Street Commons - Downtown Belvidere Prime downtown Belvidere location! State Street Commons features 14 units, including 4 upper-level residential units and 10 main-level commercial spaces totaling 14,335 SF. The main level consists of one retail storefront (Unit 1) and nine office spaces, with some units combined over the years via connecting doors for flexible layouts. Several units feature updated central air conditioning, ensuring modern comfort for tenants or owners. The upper level includes a shell space, formerly a dance studio, offering potential for additional offices, studio, or creative space. Ample parking is available in front and behind the building, with convenient entrances from State Street and the rear via McInnes Court, providing easy access for employees and customers. Conveniently located just doors down from 5 Bines Brewery, CT Hobbies, Taqueria El Molcajete, the Community Building, and other thriving businesses, this property is in the heart of downtown Belvidere's vibrant business community. Located just a half-block from the future commuter train station, it is well-positioned to benefit from Belvidere's growing downtown revitalization. Perfect for investors or owner-occupiers seeking versatile commercial and mixed-use opportunities.
  1. Listed by Debbie Carlson • Berkshire Hathaway HomeServices Starck Real Estate
    P: (815)-544-1005 C: (815)-988-5568 debbiecarlson@starckre.com

Property Details for 521 South State Street

Area
Belvidere
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 12/24/2025 02:01 AM

Property Details for 521 South State Street

StatusActive
MLS #12531321
Days on Market29
Taxes$9,199 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1900
Lot Size0.24 AC / 10,430 SF
CountyBoone County

Location

Listing Courtesy of Berkshire Hathaway HomeServices Starck Real Estate
Add your commute

Building Information for 521 South State Street

Stories2Residences14Year Built1900Lot Size0.24 AC / 10,430 SF

Payment Calculator

$2,814 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,047

Property Taxes

$767

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 521 South State Street

General Information
Location and General Information
  • Geographic Locale: Out of Area
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 85.5 x 100
  • Lot Size Square Feet: 10430.0
  • Stories: 2
  • Construction: Brick
  • Fire Protection: None
  • Building Area Total: 14335
  • # Of Offices: 10
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2025-12-18T17:22:22
  • Photos Count: 49
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Income & Expenses
  • Electric Expense: $3,660.00
  • Fuel Expense: $5,985.00
  • Gross Income: $73,500.00
  • Gross Scheduled Income: $73,500.00
  • Insurance Expense: $1,250.00
  • Total Monthly Income: 5250
  • Other Expense: $3,252.00
  • Trash Expense: $3,484.00
  • Water Sewer Expense: $1,902.00

Property History for 521 South State Street

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Listed (Active)

MRED #12531321

$420,000—
DateEvent & SourcePrice
12/18/2025

Listed (Active)

MRED #12531321

$420,000

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

Public Records for 521 South State Street

Taxable ValueLand$13,952Additions$92,472Total$106,424
Tax Record2024$9,199 ($767 / month)
Home Facts
Total Finished SqFt10,656 SqFtAbove Grade Finished SqFt10,656 SqFtStories2StyleOffice BuildingYear Built1900Year Renovated1940CountyBOONEAPN05-25-357-045

Schools near 521 South State Street

This home is within Belvidere Community Unit School District 100.
Rating
School
Type
Grades
Distance
Washington Academy
Public - PK to 5
Belvidere South Middle School
Public - 6 to 8
Belvidere High School
Public - 9 to 12
Everest High School
Public - 9 to 12
Rating
School
Distance
Washington Academy
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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More information about 521 South State Street, Belvidere, IL 61008

521 South State Street is a mixed use property for sale in Belvidere, IL 61008. This property was listed for sale on December 18, 2025 by Berkshire Hathaway HomeServices Starck Real Estate, it's currently listed at $420,000. This listing's school district is Belvidere Community Unit School District 100. Nearby schools include Washington Academy, Belvidere South Middle School and Belvidere High School. 521 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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Berkshire Hathaway HomeServices Starck 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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/24/2025 02:01 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.