Homes for sale - 222 W Exchange Street, Freeport, IL 61032

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Michael Scanlon

michael.scanlon@exprealty.com +1(773) 630-9205

Listed by Kimberly Taylorof NextHome First Class

$535,000

Est. payment - /mo

17,353 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 17,353 sqft

Price per Sqft $30

MLS Listing ID 12522183

Year Built 1900

Annual Tax Amount $4,800

Tax Year 2024

Lot Dimensions 120x120

Property Sub-Type Mixed Use

Property Description

Downtown Freeport Mixed-Use Investment | Multiple Income Streams Strategically located in the heart of downtown Freeport, this multi-level mixed-use building presents an exceptional opportunity for investors seeking diversified and scalable income. The property features multiple finished levels anchored by a second-level residential loft apartment with five bedrooms, ideal for executive housing, short- or long-term rental, or owner occupancy. The commercial component consists of 21 individual rentable spaces, well-suited for salon suites, professional offices, and service-oriented businesses, allowing for tenant diversification and strong demand across multiple business sectors. The building is equipped with a functional elevator, enhancing accessibility and broadening tenant appeal. Additional highlights include ample on-site parking, a high-visibility downtown location, and close proximity to dining, retail, and civic amenities-driving consistent foot traffic and long-term tenancy. This asset offers multiple revenue streams, flexible leasing configurations, and value-add potential through lease optimization or repositioning. Ideal for investors, owner-operators, or portfolio expansion, this downtown Freeport property combines residential income, commercial stability, and strong location fundamentals in one compelling offering.

Location

State IL

County Stephenson

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Exterior

View Y/N true

Building

Structure Type Brick

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NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES

Elementary Schools 10

6

Empire Elementary School

Public | PK - 4
6

Center Elementary School

Public | PK - 4
4

Lincoln-Douglas Elementary School

Public | PK - 4
3

Carl Sandburg Middle School

Public | 5 - 8
2

Blackhawk Elementary School

Public | PK - 4
1

Freeport Middle School

Public | 5 - 8
1

Taylor Park Elementary School

Public | PK - 4
0

Immanuel Lutheran School

Private | PK - 8
0

Aquin Elementary School

Private | PK - 6
0

Aquin Catholic Jr Sr High School

Private | PK - 12

Middle Schools 2

0

Freeport Alternative High School

Public | 6 - 12
0

Rap Freeport

Public | 6 - 12

High Schools 1

1

Freeport High School

Public | 9 - 12

School and business data provided by Attom Data.

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Michael Scanlon

+1(773) 630-9205

Team leader | License ID: 475.188240

Team leader License ID: 475.188240

222 W Exchange Street Freeport, IL 61032

Michael Scanlon

Key Details

Location

Interior

Exterior

Building

NEARBY SCHOOL & BUSINESS

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