731 Midwest Court
Freeport, IL, 61032 $ 1,750,000
Bedrooms-- Baths-- Sq 5,307 for $1,750,000. This 5,307 square foot property was built in 1982 on a lot size of 2.33.
An exceptional opportunity to acquire a substantially repositioned, income-producing commercial asset in a highly visible Freeport location. Strategically situated directly across from the high-traffic Farm & Fleet retail center, this established operation combines prominent exposure, significant recent capital investment, modernized infrastructure, and turnkey functionality; creating a compelling acquisition opportunity for investors and owner-operators alike. Under current ownership, the property has undergone an extensive capital improvement program designed to elevate operational performance, customer experience, asset longevity, and overall marketability. The result is a professionally maintained commercial property that has already absorbed many of the major expenditures commonly associated with acquiring and repositioning an established operating asset. Recent improvements include a brand-new Soft Touch Automatic system and state-of-the-art TouchFree Automatic, providing multiple automated service platforms and enhanced revenue-generating capability. A WashCard Credit Card System has been incorporated to accommodate contemporary cashless transactions and improve customer convenience. Critical mechanical infrastructure has also been upgraded, including a new boiler and dedicated heater servicing the touchless system. Additional capital improvements include new roll-up doors, updated interior and exterior paint, high-efficiency LED lighting, enhanced exterior signage, and numerous property-level improvements intended to support operational reliability and presentation. Ownership has further invested in the exterior site through comprehensive parking-lot repairs and professional resealing, along with the installation of post-and-chain systems at the entrance and exit to better define traffic circulation and property access. Three self-service bays have additionally been upgraded with new quarter acceptors, expanding functionality across the operation. This property represents substantially more than the acquisition of real estate. It is an opportunity to acquire an established commercial operation supported by a strategically positioned physical asset, extensive recent capital expenditures, upgraded systems, and infrastructure designed for continued performance. For investors evaluating replacement-cost exposure, deferred-maintenance risk, and immediate capital requirements, the property presents a particularly compelling proposition: much of the heavy lifting has already been completed. With its prominent commercial location, established operating history, modernized equipment package, significant recent investment, and turnkey positioning, this asset offers the characteristics sophisticated investors seek durable real estate, operational infrastructure, multiple revenue-generating components, and the opportunity for continued long-term value creation. A rare opportunity to acquire one of Freeport's most comprehensively improved commercial properties and an established business operation positioned for its next chapter of ownership.
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FeaturesGeneralCooling None
Possession Closing
Zoning COMMR
Construction Materials Brick Block
Year Built 1982
Electric Service - 201 to 600 Amps
Tenant Pays Common Area Maintenance Electricity Heat Janitorial Service Taxes Insurance Repairs Roof Sewer
Stories Count 1
Property Subtype Other
Tax Year 2025
Assoc Fee Paid Per Not Applicable
County Stephenson
Net Operating Income 70000
Insurance Expense 11914
Property Type Commercial Sale Retail/Stores
Status Active
Directions 26 North turn onto Midwest Court
City Freeport
MLS Area Freeport
Lot Size Square Feet 101494
Tax Annual Amount 9379
Trash Expense 2182
Additional Parcels Y/N N
Leasable Area 0
Lease Type N/A
Standard Status Active
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ExteriorBuilding Area Total 5307
Lot Dimensions 182 X 556
Lot Size Acres 2.33
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* Excluded FeaturesList By@Properties Christie's International Real EstateBroker
amancini@atproperties.comEmail
NearbyAbout 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.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/16/2026 | $1,750,000 | | Listed Price |