Multi-Suite Office
For Lease
$500-$2,200/Mo
224 W Stephenson, Freeport, IL 61032
COMMERCIAL - FREEPORT, IL
Space Size900 SF - 4,744 SF
Days on Market361
Property Features for 224 W Stephenson
General Information
Property type
Commercial Lease
Property subtype
Retail
Elementary school district
Freeport 145
Middle school district
Freeport 145
High school district
Freeport 145
Standard status
Active
Listing Agency:
RE/MAX TOWN LAKE & COUNTRY · RE/MAX International
(815) 493-7653
Listed By:
Tracey DeCrane · License #475122157
(815) 677-2164
Added: Aug 16, 2025
Changed: Aug 4
Last Checked: Aug 11 at 3:06PM
MLS# 202504959
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. 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 office building provides approximately 4,744 SF of space arranged across four suites. Suite 1 is a finished 900 SF first-floor office, while the remaining suites offer unfinished space suitable for buildout. The layout includes three additional suites measuring 950 SF, 1,125 SF, and 1,769 SF, with the largest suite located on the second floor. Four bathrooms serve the property.
The building is located at 224 W Stephenson in Freeport, directly across from Union Savings Bank. Space is available by suite or as the full building. A six-month minimum lease applies, and tenants are responsible for utilities.
The building is located at 224 W Stephenson in Freeport, directly across from Union Savings Bank. Space is available by suite or as the full building. A six-month minimum lease applies, and tenants are responsible for utilities.
Key Highlights
- Approximately 4744 SF of office space
- Four suites available, including one finished suite
- Suite sizes range from 900 SF to 1769 SF
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.01 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Downtown office property offers flexible suite configurations, multiple bathrooms, and a finished first-floor suite.
Where is this office building located?
The property is located at 224 W Stephenson Freeport, IL.
What is the lease rate?
The lease rate is $2,200/Mo.
What are key features of this property?
This property features: Approximately 4744 SF of office space; Four suites available, including one finished suite; Suite sizes range from 900 SF to 1769 SF
