Downtown Mixed-Use Income
For Sale
$110,000
211 East Stephenson Street, Freeport, IL 61032
Multi-use building with a large commercial office suite plus four residential units across the second and third floors.
Property Size2,400 SF
Price / SF$45.83
Days on Market149
Property Features for 211 East Stephenson Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi Family 5+ / 5+ Units
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$850
Amenities
Central Air, Window Unit
Electric, Natural Gas
Yes
Natural Gas
Full
Refrigerator, Stove/Cooktop
No
Other
Brick/Stone, Other
Balcony
Building Details
Year Built
1892
Units
5
Tenancy
Multi
Listing Agency:
Keller Williams Realty Signature
(224) 456-8786
Listed By:
Paige Burnett · License #475211537
Source:
Compass
Added: Mar 13
Changed: Aug 7
Last Checked: Aug 7 at 8:04AM
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 Keller Williams Realty Signature
Investment Insights
Based on property information with market context.
This multi-use downtown property includes 211 E Stephenson St and 211 1/2 E Stephenson St. The 211 suite is a large commercial office with multiple separated spaces, including a bathroom with sink and toilet, a kitchenette, a rear exit door, and an unfinished basement, along with high ceilings and visibility on Stephenson Street.
The 211 1/2 building contains four 1-bedroom/1-bath apartments, with two units on the second floor and two units on the third floor. Each apartment has its own furnace using gas forced air, and its own gas and electric meter. Updates noted by the seller include new water heaters for Unit 3 and Unit 4 in 2021 and 2022, and a new furnace for Unit 3 in 2018.
Tenants are responsible for their own gas, water, and electric for their respective units as designated on current leases. The owner is responsible for water/sewer/garbage utilities and common hallway electric. The seller indicates all units are current on rental balances and charges. A 24-hour parking lot is diagonally across Stephenson Street, with street parking available as well.
The 211 1/2 building contains four 1-bedroom/1-bath apartments, with two units on the second floor and two units on the third floor. Each apartment has its own furnace using gas forced air, and its own gas and electric meter. Updates noted by the seller include new water heaters for Unit 3 and Unit 4 in 2021 and 2022, and a new furnace for Unit 3 in 2018.
Tenants are responsible for their own gas, water, and electric for their respective units as designated on current leases. The owner is responsible for water/sewer/garbage utilities and common hallway electric. The seller indicates all units are current on rental balances and charges. A 24-hour parking lot is diagonally across Stephenson Street, with street parking available as well.
Key Highlights
- Multi‑use downtown Freeport building (built 1892) with a large commercial office plus four residential units on the 2nd and 3rd floors
- Commercial office suite (211 E Stephenson St) features multiple separated spaces, bathroom with sink/toilet, kitchenette, rear exit door, unfinished basement, and high ceilings
- Four 1 bed/1 bath apartments (211 1/2 E Stephenson St): two on the 2nd floor and two on the 3rd floor
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Multi-use building with a large commercial office suite plus four residential units across the second and third floors.
Where is this quadplex located?
The property is located at 211 East Stephenson Street Freeport, IL.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Multi‑use downtown Freeport building (built 1892) with a large commercial office plus four residential units on the 2nd and 3rd floors; Commercial office suite (211 E Stephenson St) features multiple separated spaces, bathroom with sink/toilet, kitchenette, rear exit door, unfinished basement, and high ceilings; Four 1 bed/1 bath apartments (211 1/2 E Stephenson St): two on the 2nd floor and two on the 3rd floor
