Flex Building with Office
For Sale
$299,900
115 East South Street, Freeport, IL 61032
Freeport, IL
Property Size8,300 SF
Lot Size0.60 Acres
Price / SF$36.13
Days on Market51
Property Features for 115 East South Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.60 Acres
Building Details
Year built
1947
Listing Agency:
NextHome First Class
(815) 232-4433
Listed By:
Kimberly Taylor · License #471013351
(815) 541-5557
Added: Aug 22
Changed: Sep 2
Last Checked: Oct 11 at 2:06AM
MLS# 12722795
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,300-square-foot flex property combines office accommodation with storage and open commercial space. The building includes a 3,200-square-foot section with 13-foot ceilings and a 5,100-square-foot addition offering more than 14-foot ceilings. The layout can support office functions, storage, and light industrial operations, subject to applicable requirements. Two bathrooms, HVAC, electrical updates, and an asphalt parking lot are included.
The property fronts Business 20 near the Beltline entrance into Freeport, providing access to a commercial corridor with reported IDOT traffic counts of 9, 500 vehicles daily. Its blend of enclosed office areas and higher-clear open space creates a practical configuration for businesses needing both administrative and storage capacity.
The property fronts Business 20 near the Beltline entrance into Freeport, providing access to a commercial corridor with reported IDOT traffic counts of 9, 500 vehicles daily. Its blend of enclosed office areas and higher-clear open space creates a practical configuration for businesses needing both administrative and storage capacity.
Key Highlights
- 8,300‑square‑foot flex building with office and storage areas
- 3,200‑square‑foot section with 13‑foot ceilings
- 5,100‑square‑foot addition with more than 14‑foot ceilings
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building configured with separate office and storage areas, updated HVAC and electrical systems, and two bathrooms.
Where is this flex space located?
The property is located at 115 East South Street Freeport, IL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 8,300‑square‑foot flex building with office and storage areas; 3,200‑square‑foot section with 13‑foot ceilings; 5,100‑square‑foot addition with more than 14‑foot ceilings
