222 W Exchange Street Freeport, IL $ 535,000
222 W Exchange Street
$ 535,000
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222 W Exchange Street

Freeport, IL, 61032
$ 535,000
Bedrooms-- Baths-- Sq 17,353

Monthly Estimate*

$ 3,338

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Commercial Property for sale in Freeport, IL

for $535,000. This 17,353 square foot building was built in 1900 on a lot size of 0.330579.

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.

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Commercial Active

Price

$ 535,000

Property Type

Commercial

Taxes

$ 4,800

Style

Lot Size

0.330579

Year Built

1900

Town/City

Freeport

County/Region

Stephenson

MLS | Web ID

12522183

Features
General
Cooling Central Air Window Unit(s)
Construction Materials Brick
Year Built 1900
Electric Circuit Breakers
Stories Count 2
Township Freeport
Property Subtype Mixed Use
Tax Year 2024
Gross Income 2800
County Stephenson
Insurance Expense 2400
Property Type Commercial Sale Mixed Use
Status New
Directions US RT 20 W to IL RT 26 S to Galena Ave to Exchange St
City Freeport
Number Of Units Total 21
MLS Area Freeport
Lot Size Square Feet 14400
Tax Annual Amount 4800
Electric Expense 7200
Fuel Expense 0
Trash Expense 470
Water Sewer Expense 1521
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 17353
Lot Dimensions 120x120
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* Excluded Features
List By
Nexthome First Class

Broker

realtorkimberlytaylor@gmail.com; nexthomefirstclass@gmail.com

Email

Affordability Calculator

$3,738
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,338
Monthly Property Taxes
$400
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/12/2025$535,000 Listed Price

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222 W Exchange Street, Freeport, IL, 61032 is a Commercial Property for sale at $535,000 with 17,353 sqft and a lot size of 0.330579. 222 W Exchange Street was built in 1900. The property's zip code is 61032 which is in Freeport, IL