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Flex Space with Office and Storage
For Sale
$299,900

115 E South St, Freeport, IL 61032

Adaptable commercial facility combining office areas, storage space, updated systems, and asphalt parking.

Property Size8,300 SF
Price / SF$36.13
Days on Market42

Property Features for 115 E South St

General Information

Standard status Active
Size 8,300 SF

Building Details

Year Built 1947
Listing Agency: NextHome First Class
Listed By: Kimberly Taylor, Becky Taylor · License #475178787
Source: Realtopiare
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 25 at 5:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome First Class

Investment Insights

Based on property information with market context.

This 8,300-square-foot flex property combines office and storage areas within a commercial building configured for varied business operations. The original structure includes 13-foot ceilings and a barrel roof, while a 5,100-square-foot addition completed in 1994 provides open space with ceilings exceeding 14 feet. The building also includes two bathrooms, HVAC, updated electrical service, and an asphalt parking lot.

Positioned on Business 20 in Freeport, the property offers access along a commercial route with reported IDOT traffic counts of 9,500 vehicles daily. Its office, storage, and open-area configuration provides a range of functional spaces within one facility.

Key Highlights

  • 8,300‑square‑foot flex building with office and storage areas
  • 5,100‑square‑foot addition completed in 1994
  • 13‑foot ceilings in the original structure

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial facility combining office areas, storage space, updated systems, and asphalt parking.
Where is this flex space located?
The property is located at 115 E South St 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; 5,100‑square‑foot addition completed in 1994; 13‑foot ceilings in the original structure
More about this property
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