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Flex Property with Multiple Buildings
For Sale
$850,000

1797 S Smokey Hollow Road, Freeport, IL 61032

LAND, FREEPORT, IL

Property Size1,200 SF
Lot Size48.07 Acres
Days on Market49

Property Features for 1797 S Smokey Hollow Road

General Information

Property type Land
Property subtype Other
Lot features Agriculture
Elementary school Freeport 145
Middle school Freeport 145
High school Freeport 145
Elementary school district Freeport 145
Middle school district Freeport 145
High school district Freeport 145
Subdivision Stephenson County
Standard status Active
APN 041903400001
Lot size 48.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT W1/2 SE1/4 SEC 3-26-8
Tax Annual Amount 10918
Legal Description PT W1/2 SE1/4 SEC 3-26-8

Utilities

Water source Well
Listing Agency: JIM SULLIVAN REALTY
Listed By: JAMES SULLIVAN · License #471000283
Added: Aug 7 Changed: Sep 6 Last Checked: Sep 24 at 4:06AM
MLS# 202604903

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. 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 flex property in Freeport includes three separate buildings supporting office, storage, and operational uses. The 30x40 brick office building contains three offices, a reception area, a bathroom, in-floor heat, and a separately accessed area that could accommodate another office. A 63x72 shed provides a 13x18 overhead door, an 18x14 sliding door, and electrical service. The third structure measures 110 x 60 and has 15' side walls, an aluminum ceiling, insulation, an office with electric heat, a 14 x 18 overhead door, a 14 x 18 sliding door, two walk doors, and a septic system that is not currently connected.

The property is served by a well. A month-to-month lot lease produces income and may be transferred to the buyer.

Key Highlights

  • Three‑building flex property in Freeport, IL
  • 30x40 brick office with 3 offices, reception area, bathroom, and in‑floor heat
  • 63x72 shed with 13x18 overhead door and 18x14 sliding door

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Storage Facility Food Market Auto Repair Shop Restaurant

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

20
Businesses Nearby
Well-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
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?
Flex space - Three-building commercial property with office, storage, overhead doors, well service, and flexible utility features.
Where is this flex space located?
The property is located at 1797 S Smokey Hollow Road Freeport, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑building flex property in Freeport, IL; 30x40 brick office with 3 offices, reception area, bathroom, and in‑floor heat; 63x72 shed with 13x18 overhead door and 18x14 sliding door
More about this property
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