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Corner-Lot Office Building
For Sale
$135,000

221 W Galena Avenue, Freeport, IL 61032

Central air, two restrooms, and on-site parking support day-to-day office use.

Property SizeContact for details
Days on Market284

Property Features for 221 W Galena Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning COMMR

Site & Location

Corner Location Yes
Pylon Signage Yes

Additional Details

Property Use Office

Taxes and HOA fees

Annual Taxes $1,816

Amenities

private bathroom
public bathroom

Building Details

Year Built 1932
Stories 1
Units 1
Listing Agency: Choice Realty of Freeport
Listed By: Joan Welt · License #475128747
Source: Fishmangroup
Added: Jan 14 Changed: Oct 23 Last Checked: Oct 23 at 4:30PM

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 Choice Realty of Freeport

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Investment Insights

Based on property information with market context.

Located at 221 W Galena Avenue in Freeport, this office building was constructed in 1932 and sits on a corner lot. The interior has a private bathroom and a separate public bathroom, with central air conditioning. A pole sign with electrical service and on-site parking are also part of the property.

The roof is 7 years old, and the furnace is 18 years old. The property is zoned COMMR and is offered in as-is condition.

Key Highlights

  • Office building on a corner lot at 221 W Galena Avenue, Freeport, IL 61032
  • Private bathroom and separate public bathroom
  • Pole sign has electrical service

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Catering Service 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.

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
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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?
Office building - Central air, two restrooms, and on-site parking support day-to-day office use.
Where is this office building located?
The property is located at 221 W Galena Avenue Freeport, IL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Office building on a corner lot at 221 W Galena Avenue, Freeport, IL 61032; Private bathroom and separate public bathroom; Pole sign has electrical service
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