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Mixed-Use Building with Retail Space

2 W Spring St, Freeport, IL 61032

For Sale
New
Contact for pricing

The main level combines customer-facing space, a separate office, shared entry and mail area, and four garage stalls.

Property Size4,588 SF
Price / SF$43.59
Days on Market3

Property Features for 2 W Spring St

General Information

Standard status Active
Size 4,588 SF
Total Parking Spaces 4
Property subtype RETAIL

Additional Details

Mixed-Use Components retail, office, residential
Property Use Mixed-use

Amenities

common entry with mail area

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Re/Max Unites
Listed By: Aubra Palermo · License IL #471007310
Source: Moodyscre
Added: Nov 12 Changed: Nov 14 Last Checked: Nov 14 at 2:27PM

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 Re/Max Unites

Rey
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Investment Insights

Based on property information with market context.

This 4,588-square-foot mixed-use property has retail space and a separate rentable office on the main level, along with a shared entry and mail area. Four garage stalls are also part of the building. Plans have been drawn for two apartments upstairs: one with three bedrooms and two bathrooms, and another with one bedroom and one bathroom. Each proposed unit includes an open living room, kitchen with dining area, and in-unit laundry.

The property is in downtown Freeport, within the Downtown TIF District and an Illinois Enterprise Zone.

Key Highlights

  • 4,588‑square‑foot mixed‑use property in downtown Freeport
  • Main level includes retail space and a separate rentable office
  • Four garage stalls, plus common entry and mail area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Dental Office HVAC Service Hair Salon Cafe & Coffee Shop Nail Salon Pharmacy

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

901
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - The main level combines customer-facing space, a separate office, shared entry and mail area, and four garage stalls.
Where is this mixed-use property located?
The property is located at 2 W Spring St Freeport, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 4,588‑square‑foot mixed‑use property in downtown Freeport; Main level includes retail space and a separate rentable office; Four garage stalls, plus common entry and mail area
(815) 275-6610 Call to check price and availability
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