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    19 Chicago Ave Freeport, IL 61032

    For Sale
    $185,000

    Prime Freeport location, high traffic, versatile space.

    Property size:
    5,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 19 & 21 South Chicago Avenue in Freeport, Illinois, presents a unique investment opportunity. Boasting 5,400 square feet of well-maintained space, this building is ideally situated in the heart of downtown Freeport's 61032 zip code, benefiting from high visibility and significant daily traffic counts exceeding 1,600 vehicles, according to IDOT data. Previously utilized as a clothing boutique, the property offers remarkable versatility. The main level provides ample space for a variety of commercial uses, while the finished second level presents endless possibilities, adaptable for apartments or offices. The building features three separate entrances, enhancing accessibility and functionality. Natural light floods the interior, creating a bright and inviting atmosphere. The property's location within both the Tax Increment Financing (TIF) district and an Enterprise Zone offers potential tax advantages. Furthermore, the roof is relatively new, installed within the last five years and backed by a transferable 40-year warranty, ensuring long-term peace of mind. This is a rare opportunity to acquire a well-maintained, high-traffic commercial building in a desirable downtown location. The property's versatility and prime location make it an attractive investment for both established businesses and entrepreneurs seeking a thriving commercial space.

    Property Features for 19 Chicago Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,400 SF

    Building Details

    Year Built
    1867
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.61941
    Latitude
    42.29789

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Freeport location, high traffic, versatile space.
    Where is this commercial real estate located?
    The property is located at 19 Chicago Ave Freeport, IL.
    What is the asking price?
    The asking price for this property is $185,000.
    (815) 232-4433
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    19 Chicago Ave 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
    19 Chicago Ave Freeport, IL 61032
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