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    833 16Th Ave Freeport, IL 61032

    For Sale
    $175,000

    Five offices, three baths, ample living space. Ideal for multiple uses.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This versatile Freeport commercial property, located at 833 S 16th Avenue, presents a unique investment opportunity. The building offers a spacious layout encompassing five offices or bedrooms, three bathrooms, a well-equipped kitchen, a dedicated dining area, and a large living room, providing ample space for various business or residential configurations. The property includes convenient amenities such as an in-unit laundry room and a designated parking area. While there is no attached garage, the parking area offers sufficient space for tenants or clients. The building is equipped with an ADA-compliant design and a sprinkler system, ensuring both accessibility and safety. The flexible floor plan and diverse features make this property suitable for a wide range of uses, from professional offices to multi-family dwellings or a combination thereof. The asking price of $175,000 presents a compelling opportunity for investors seeking a strong return on investment in a desirable Freeport location. The property sits on a 0-acre lot. Serious inquiries are encouraged.

    Property Features for 833 16Th Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    2003
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Gym & Fitness Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath Hotel & Motel HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.59402
    Latitude
    42.29045

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    FAQs

    What type of property is this?
    Mixed-use property - Five offices, three baths, ample living space. Ideal for multiple uses.
    Where is this mixed-use property located?
    The property is located at 833 16Th Ave Freeport, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    (815) 235-2111
    Request Owner's contact information
    833 16Th Ave 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
    833 16Th Ave Freeport, IL 61032
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