Flex Space With Office And
New
For Sale
$299,900
115 East South Street, Freeport, IL 61032
Freeport, IL
Property Size8,300 SF
Lot Size0.60 Acres
Price / SF$36.13
Days on Market4
Property Features for 115 East South Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.60 Acres
Building Details
Year built
1947
Listing Agency:
NextHome First Class
(815) 232-4433
Listed By:
Kimberly Taylor · License #471013351
(815) 232-4433
Added: Aug 22
Changed: Aug 25
Last Checked: Aug 25 at 5:06AM
MLS# 12722795
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,300-square-foot flex property combines office and storage areas within a commercial building configured for varied business operations. The 3,200-square-foot original section has 13-foot ceilings and a barrel-roof design, while the 5,100-square-foot addition offers open space with ceilings exceeding 14 feet. The layout also includes two bathrooms, HVAC, and updated electrical components.
The property fronts Business 20 near the Beltline entrance into Freeport, with reported IDOT traffic counts of 9,500 vehicles daily. An asphalt parking lot serves the building and supports the mix of office and storage functions.
The property fronts Business 20 near the Beltline entrance into Freeport, with reported IDOT traffic counts of 9,500 vehicles daily. An asphalt parking lot serves the building and supports the mix of office and storage functions.
Key Highlights
- 8,300‑square‑foot flex building with office and storage areas
- 3,200‑square‑foot original section with 13‑foot ceilings and barrel roof
- 5,100‑square‑foot addition with over 14‑foot ceilings
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61032, IL
29,110
Population
14,685
Households
2
Avg Household Size
46
Median Age
20%
College-Educated
91%
High-School Grad
148.7 sq mi
ZIP Area
196
Density / Sq Mi
$54,179
Median Household Income
$34,893
Median Earnings
$769
Median Rent
$106,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combining office areas, storage space, updated HVAC and electrical systems, and an asphalt parking lot.
Where is this flex space located?
The property is located at 115 East South Street Freeport, IL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 8,300‑square‑foot flex building with office and storage areas; 3,200‑square‑foot original section with 13‑foot ceilings and barrel roof; 5,100‑square‑foot addition with over 14‑foot ceilings
