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    1333 Us Bus 20 Freeport, IL 61032

    Sponsored
    For Sale
    $299,000

    Multi-building complex with tenant income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Freeport, IL commercial property presents a unique investment opportunity. Situated on over one acre, the property boasts multiple buildings with ample asphalt parking. The main building, measuring 30' x 96', is currently vacant, offering immediate potential for lease or owner-occupancy. Three additional areas are occupied by tenants under long-term leases, providing a consistent stream of rental income. The property also includes a 40' x 30' living quarters, ideal for owner-occupancy or on-site management. Two additional shop buildings are present: a 40' x 45' shop and a 38' x 25' shop addition. The property is conveniently located at 1333 E Us Bus 20, Freeport, IL and is zoned for commercial use by the county. Essential utilities are in place, including a well and septic system. This versatile property is suitable for a variety of commercial uses, making it an attractive investment for both seasoned investors and those seeking a profitable venture. The combination of vacant space and established tenant occupancy offers flexibility and immediate return on investment. The substantial lot size provides ample room for expansion or future development. Priced at $299,000, this property represents a compelling opportunity in the thriving Freeport market.

    Property Features for 1333 Us Bus 20

    General Information

    Property type
    Investment properties

    Building Details

    Year Built
    1972
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.56718
    Latitude
    42.27656

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    FAQs

    What type of property is this?
    Investment property - Multi-building complex with tenant income.
    Where is this investment property located?
    The property is located at 1333 Us Bus 20 Freeport, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    (815) 232-4433
    Request Owner's contact information
    1333 Us Bus 20 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
    1333 Us Bus 20 Freeport, IL 61032
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