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Four-Story Multi-Tenant Office Building
New
For Sale
$675,000

773 W Lincoln Boulevard, Freeport, IL 61032

Former school converted to commercial space with layouts suited to a range of business uses.

Property Size28,002 SF
Price / SF$24.11
Days on Market6

Property Features for 773 W Lincoln Boulevard

General Information

Standard status Active
Size 28,002 SF

Building Details

Year Built 1908
Buildings 1
Stories 4
Tenancy Multi
Listing Agency: Welcome Home NW Illinois Inc
Listed By: Ashley Heilman · License #471020126
Source: Grandviewrealtyservices
Added: Sep 30 Changed: Oct 3 Last Checked: Oct 4 at 3:33PM

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 Welcome Home NW Illinois Inc

Investment Insights

Based on property information with market context.

This 28,002-square-foot office building in Freeport has four floors, each with a distinct layout. Built in 1908 as a school, it has since been adapted for commercial occupancy. The space is divided into several larger suites, with common areas and accessibility features supporting a multi-tenant configuration.

The existing layouts can accommodate office, medical or dental, salon, service, and educational uses, as well as other commercial applications. The building may continue in a multi-tenant format, serve a larger organization, or combine different occupancy arrangements.

Key Highlights

  • 28,002 square feet across four floors
  • Built in 1908 as a school and converted to commercial space
  • Several larger suites, common areas, and accessibility features

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Catering Service (Bike/Boat/Book/etc) Store Acupuncture Tech Support Center Butcher

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

103
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Office building - Former school converted to commercial space with layouts suited to a range of business uses.
Where is this office building located?
The property is located at 773 W Lincoln Boulevard Freeport, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 28,002 square feet across four floors; Built in 1908 as a school and converted to commercial space; Several larger suites, common areas, and accessibility features
More about this property
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