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Mixed-Use Building with Elevator
New
For Sale
$440,000

222 West Exchange Street, Freeport, IL 61032

Freeport, IL

Property SizeContact for details
Days on Market4

Property Features for 222 West Exchange Street

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active

Amenities

elevator
on-site parking

Building Details

Year built 1900
Listing Agency: NextHome First Class
Listed By: Kimberly Taylor · License #471013351
Added: Aug 22 Changed: Aug 24 Last Checked: Aug 25 at 3:06AM
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, along with 21 individual commercial spaces available for rent. The layout supports separate residential and commercial occupancy within one property, while an elevator provides access between levels.

Located at 222 West Exchange Street in downtown Freeport, the property includes on-site parking and sits near dining, retail, and civic amenities. The commercial spaces are configured for salon suites, professional offices, and service-oriented businesses, providing a range of potential leasing arrangements within the existing building.

Key Highlights

  • 21 individual commercial spaces
  • Second‑level residential loft apartment with five bedrooms
  • Functional elevator serving the multi‑level building

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store HVAC Service Hair Salon Pharmacy Storage Facility

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

929
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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-level property combines a residential loft with rentable commercial 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 commercial spaces; Second‑level residential loft apartment with five bedrooms; Functional elevator serving the multi‑level building
More about this property
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