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    222 West Exchange St Freeport, IL 61032

    New
    For Sale
    $535,000

    Commercial Sale, Other - Freeport, IL

    Days on Market:
    2
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 222 West Exchange St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1900
    Architectural style
    Other

    NextHome, Inc

    Listing agent Kimberly Taylor (815) 232-4433 License #471013351,PersonLicenseNumber

    Listing date Dec 12, 2025

    MLS# 12522183 Listing URL

    Copyright © 2025 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.

    Overview

    Freeport Mixed-Use Investment Opportunity

    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, which are 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 combines residential income, commercial stability, and location fundamentals, making it suitable for investors, owner-operators, or portfolio expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.6233254
    Latitude
    42.29809

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    FAQs

    What type of property is this?
    Mixed-use property - Multi-level building with residential and commercial income streams.
    Where is this mixed-use property located?
    The property is located at 222 West Exchange St Freeport, IL.
    What is the asking price?
    The asking price for this property is $535,000.
    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.
    (815) 232-4433
    Request Owner's contact information
    222 West Exchange St Freeport, IL 61032
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    Freeport, IL 61032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    222 West Exchange St Freeport, IL 61032
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