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Divisible Mixed-Use Property
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440 Challenge St, Freeport, IL 61032

Office and retail space with separate utilities, bathrooms, and flexible division between the two sides.

Property Size2,400 SF
Days on Market144

Property Features for 440 Challenge St

General Information

Standard status Active
Size 2,400 SF
Total Parking Spaces 27
Property subtype Retail, Office, Mixed Use, Business for Sale
Zoning B1-1

Additional Details

Utilities to Site Yes

Amenities

separate utilities and bathrooms
2 separate offices
Listing Agency: Christensen's Home Town Realtors
Listed By: Kevin Dahm · License #IL 471010833
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 3:56PM

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 Christensen's Home Town Realtors

Investment Insights

Based on property information with market context.

This 2,400-square-foot mixed-use property combines office and retail space in a layout that can be separated into distinct sides. Each side has its own utilities and bathroom facilities, while the east side includes two individual offices. The property also provides 27 parking spaces and is available for immediate possession.

Past operations at the property included a call center and automobile sales and detailing. Nearby businesses include a restaurant, hotel, credit union, car dealership, and gas station. The property is zoned B1-1 Restricted Retail and is located within an Enterprise Zone.

Key Highlights

  • 2,400 SF of mixed‑use office and retail space
  • Layout can be divided into separate sides
  • Separate utilities and bathrooms for each side

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Dental Office Skin Care Clinic

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

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

213
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Office and retail space with separate utilities, bathrooms, and flexible division between the two sides.
Where is this mixed-use property located?
The property is located at 440 Challenge St Freeport, IL.
What are key features of this property?
This property features: 2,400 SF of mixed‑use office and retail space; Layout can be divided into separate sides; Separate utilities and bathrooms for each side
More about this property
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