Mixed-Use Building with
For Sale
$440,000
222 West Exchange Street, Freeport, IL 61032
Freeport, IL
Property SizeContact for details
Lot Size0.33 Acres
Days on Market50
Property Features for 222 West Exchange Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.33 Acres
Building Details
Year built
1900
Listing Agency:
NextHome First Class
(815) 232-4433
Listed By:
Kimberly Taylor · License #471013351
(815) 541-5557
Added: Aug 22
Changed: Oct 1
Last Checked: Oct 10 at 10:06PM
MLS# 12522183
Copyright © 2026 NextHome, Inc. 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 multi-level mixed-use building includes a second-level residential loft apartment with five bedrooms and a commercial component containing 21 individual rentable spaces. A functional elevator serves the building, while on-site parking supports occupants and visitors. The configuration accommodates both residential and commercial income within one property and offers flexibility for different leasing arrangements.
Located in downtown Freeport at 222 West Exchange Street, the property is near dining, retail, and civic amenities. The site encompasses 0.33 acres, and the building dates to 1900. Its combination of residential space, multiple commercial areas, elevator access, and downtown positioning creates a diversified mixed-use configuration for an owner or investor.
Located in downtown Freeport at 222 West Exchange Street, the property is near dining, retail, and civic amenities. The site encompasses 0.33 acres, and the building dates to 1900. Its combination of residential space, multiple commercial areas, elevator access, and downtown positioning creates a diversified mixed-use configuration for an owner or investor.
Key Highlights
- 21 individual rentable commercial spaces
- Second‑level residential loft apartment with five bedrooms
- Functional elevator within the building
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
929
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-level property combines a residential loft with divisible commercial rental space.
Where is this mixed-use property located?
The property is located at 222 West Exchange Street Freeport, IL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 21 individual rentable commercial spaces; Second‑level residential loft apartment with five bedrooms; Functional elevator within the building
