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    223 N Galena Ave Freeport, IL 61032

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    For Sale
    $90,000

    1.5 story building suitable for retail or office use.

    Property size:
    1,481 SF
    Lot size:
    0.11 Acres

    Property Features for 223 N Galena Ave

    General Information

    Size
    1,481 SF
    Lot size
    0.11 Acres

    Source: Re/Max Property Source Agent Aubra Palermo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freeport Retail/Office Opportunity

    This 1.5-story building, suitable for professional office and service industry use, benefits from a daily traffic count exceeding 8,000 and proximity to over 1,000 downtown workers. The property features a main floor with an entry seating area, a large reception area, two to three offices, a conference room, a kitchenette, and a half bath. The upstairs loft provides a large office or meeting/training room. Off-street parking enhances the value of this building, which offers significant exposure. The property size is 1,481 square feet and is located at 223 N Galena Ave, Freeport, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -89.6231511
    Latitude
    42.2996885

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    FAQs

    What type of property is this?
    Retail space - 1.5 story building suitable for retail or office use.
    Where is this retail space located?
    The property is located at 223 N Galena Ave Freeport, IL.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: - High daily traffic count and downtown worker population offer excellent exposure.; - Off-street parking provides added value.; - Suitable for professional office or service industry use.
    (815) 275-6610
    Request Owner's contact information
    223 N Galena 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
    223 N Galena Ave Freeport, IL 61032
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