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Shopping Center with City Utilities
For Sale
$1,150,000

1024 Riverside Dr, Freeport, IL 61032

Retail building with city sewer and water serving the property.

Property Size28,061 SF
Price / SF$40.98
Days on Market51

Property Features for 1024 Riverside Dr

General Information

Standard status Active
Size 28,061 SF

Additional Details

Utilities to Site Yes

Building Details

Year Built 1995
Buildings 1
Listing Agency: Morgan Realty, Inc.
Listed By: Don Morgan · License #471013558
Source: Amyboston.realtopiare
Added: Sep 4 Changed: Oct 11 Last Checked: Oct 7 at 2:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morgan Realty, Inc.

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Investment Insights

Based on property information with market context.

This retail property at 1024 Riverside Dr in Freeport, Illinois, was constructed in 1995 and is configured for potential occupancy by up to five tenants. The building is identified as a 30,000-square-foot retail facility, with city sewer and water serving the site.

Key Highlights

  • Retail building constructed in 1995
  • Configuration supports potential occupancy by up to 5 tenants
  • City sewer and water serve the property

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Electrical Service Storage Facility Garden Center Furniture & Home Goods Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

26
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 100%
Baymont Inn & Suites Freeport Hotels & Casinos
1,027 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - Retail building with city sewer and water serving the property.
Where is this shopping center located?
The property is located at 1024 Riverside Dr Freeport, IL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Retail building constructed in 1995; Configuration supports potential occupancy by up to 5 tenants; City sewer and water serve the property
More about this property
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