395 W Cedarville Road
Freeport, IL, 61032 $ 680,000
Bedrooms4 Baths2.0 Sq 2,400 Monthly Estimate*
$ 4,242
for $680,000 with 4 bedrooms and 2 full baths. This 2,400 square foot home was built on a lot size of 22.
Check out this one of a kind property and escape the city and become your own boss with this unparalleled 22-acre income-generating property, perfectly suited for use as a B&B, cafe, retreat, or premier destination wedding venue. This unique offering combines a historic brick home, a modern ADA-compliant commercial building, and an established outdoor event center. The Commercial Building is a 60'x40' facility built in 2008, featuring a commercial licensed kitchen, a retail area with a custom bar, an events room, and a walk-out lower level with temperature-controlled rooms. This building boasts green features including Passive Solar, a NuAir Heat Exchanger, and high R-value SIP construction. Fiber internet has also been recently installed. The Outdoor Event Center includes the remodeled "Crib" with bar service and a stage, attached to a 2,088 sqft shelter, and has a proven track record, averaging 51 events annually. The business includes dedicated parking for up to 100 cars and separate infrastructure including its own well and septic system. The Residential Component is a two-story brick home (approx. 2,400 sqft, built 1860) with 4 bedrooms and 2 baths, featuring 10-foot ceilings, original woodwork, and floor-to-ceiling windows, offering high potential for a B&B conversion. The picturesque 22-acre grounds include a creek, crossed by two bridges, notably a stunning covered bridge built with 1840's repurposed barn wood, and is located on a paved road with easy access to IL Hwys 26, 20, and 75.
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FeaturesInteriorInterior Features Attic Storage
Fireplace Type Wood
Basement Yes
Bedroom 3 Level Upper
Bedroom 2 Level Upper
Fireplace Yes
Living Room Yes
Beds 4
Total Baths 2
Dining Room Yes
Dining Room Length 19
Dining Room Width 12
Living Room Width 15
# of Fireplaces 1
Living Room Length 28
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GeneralRoad Frontage County/City Road
Sewer Septic
Heating Geothermal Propane
Kitchen Level Main
Cooling Central Air Geothermal
Ownership Type Fee Simple
Possession Closing
Roof Shingle Metal
Water Well
Water Heater Gas
Garage 4
HOA Fee 0
Full Baths 2
Half Baths 0
Electric Circuit Breaker
Style 2 Story
Topography Agriculture
Class HOUSE
Type House
Parcel Number 1406200002
HUD No
Tax Year 2025
Basement Type Full
Status ACTIVE and AVAILABLE
Subdivision IL
Sale/Rent For Sale
Status Detail 0
Short Sale No
Primary City Freeport
Year Built 2008
High School Freeport High
City FREEPORT
Taxes 18214
School District Freeport 145
Elementary School Freeport
Middle School Freeport Jr High
Legal Description Per Title
DOM 18
Postal Code 61032
Price Per Sq Ft Total AG 283.33
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ExteriorExterior Brick/Stone Siding
Lot Size Area 22
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* Excluded FeaturesList ByDavid LarsonListing Agent
Keller Williams Realty SignatureBroker
listwithlarson@kw.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,242
- Monthly Property Taxes
- $1,518
- 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.
Learn more about how to save NearbySingle family listings in Freeport, IL
Average List Price $186,769
Percent of Sale Price 73%
About Freeport, IL 24,410 Population
-7% Since 2002
$ 36,441 Median Income
40.95 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2138169 Elementary School
2138285 Middle School
Freeport High High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/14/2025 | $680,000 | | Listed Price |