222 West Exchange Street Freeport, IL 61032

Building Details

Year built

1900

Architectural style

Other

Listing agent Kimberly Taylor License #471013351,PersonLicenseNumber Show Phone

Listing office NextHome First Class 123 N. Galena Ave., IL Show Phone

Listing date Dec 11, 2025

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MLS# 12522183 Listing URL

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.

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Investment Insights

Based on property information with market context.

Located in downtown Freeport, this multi-level mixed-use building offers an investment opportunity with diversified income streams. The property includes a second-level residential loft apartment featuring five bedrooms, suitable for executive housing, short-term 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. The building is equipped with a functional elevator, enhancing accessibility. On-site parking is available. The property's downtown location provides high visibility and close proximity to dining, retail, and civic amenities. This property offers multiple revenue streams, flexible leasing configurations, and value-add potential through lease optimization or repositioning. This downtown Freeport property combines residential income, commercial stability, and location fundamentals.

Key Highlights

• Multiple Income Streams: Diversified revenue from residential loft and 21 commercial spaces.
• Prime Downtown Location: High visibility and proximity to dining, retail, and civic amenities.
• Residential Loft Apartment: Five‑bedroom loft suitable for executive housing, rental, or owner occupancy.

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FAQs

What type of property is this?

Mixed-use property - Downtown Freeport multi-level property with residential and commercial spaces.

Where is this mixed-use property located?

The property is located at 222 West Exchange Street Freeport, IL.

What is the asking price?

The asking price for this property is $459,900.

What are key features of this property?

This property features: Multiple Income Streams: Diversified revenue from residential loft and 21 commercial spaces.; Prime Downtown Location: High visibility and proximity to dining, retail, and civic amenities.; Residential Loft Apartment: Five‑bedroom loft suitable for executive housing, rental, or owner occupancy.