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    224 W Stephenson St Freeport, IL 61032

    For Lease
    $2,200 /Mo

    Rental - FREEPORT, IL

    Days on Market:
    112
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 224 W Stephenson St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Building materials
    Brick
    Roof type
    Other
    Architectural style
    Other

    Re/Max Town Lake & Country (815) 541-1001 [email protected]

    Listing agent Tracey DeCrane (815) 493-7653 License #475122157

    Listing date Aug 16, 2025

    MLS# 202504959 Listing URL

    Copyright © 2025 Rockford Area MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Freeport Office Space Available

    Available for rent is approximately 4744 square feet of office space located in downtown Freeport, Illinois, directly across from Union Savings Bank. The space includes four suites, with one suite currently finished. There are four bathrooms. The property is suitable for office use. The entire building, encompassing 4744 square feet, is available for $2200 per month. Suite 1, a finished 900-square-foot space on the first floor, is offered at $700 per month. Suite 2, an unfinished 950-square-foot space on the first floor, is available for $500 per month. Suite 3, an unfinished 1125-square-foot space on the first floor, is listed at $600 per month. Suite 4, an unfinished 1769-square-foot space on the second floor, is also available for $600 per month. A minimum lease term of six months is required, and the tenant is responsible for all utility costs.
    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
    -89.622999
    Latitude
    42.297592

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    FAQs

    What type of property is this?
    Office space - Office space for rent in downtown Freeport, Illinois.
    Where is this office space located?
    The property is located at 224 W Stephenson St Freeport, IL.
    What are key features of this property?
    This property features: - Prime downtown location across from Union Savings Bank.; - Large office space available: 4744 square feet total.; - Flexible leasing options: Entire building or individual suites.
    (815) 493-7653
    Request Owner's contact information
    224 W Stephenson 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
    224 W Stephenson St Freeport, IL 61032
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