Mixed-Use Building With
For Sale
$499,900
222 West Exchange Street, Freeport, IL 61032
Downtown property pairs a residential loft with multiple commercial rental spaces across several finished levels.
Property Size14,400 SF
Price / SF$34.72
Days on Market265
Property Features for 222 West Exchange Street
General Information
Standard status
Active
Size
14,400 SF
Elevators
Yes
Taxes and HOA fees
Annual Taxes
$4,800
Amenities
elevator
on-site parking
Building Details
Year Built
1900
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
NextHome First Class
(815) 541-5557
Listed By:
Kimberly Taylor · License #471013351
(815) 541-5557
Source:
Compass
Added: Dec 8, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:03PM
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 NextHome First Class
Investment Insights
Based on property information with market context.
Located at 222 West Exchange Street in downtown Freeport, this 14,400-square-foot mixed-use building combines residential and commercial components across multiple finished levels. The second level includes a five-bedroom loft apartment, while the commercial portion contains 21 individual rentable spaces suitable for salon suites, professional offices, and service-oriented businesses.
A functional elevator serves the building, and on-site parking is provided. Constructed in 1900, the property places residential occupancy and flexible commercial space within the downtown area, with dining, retail, and civic amenities described as nearby. The configuration supports a blend of apartment and business uses within one address.
A functional elevator serves the building, and on-site parking is provided. Constructed in 1900, the property places residential occupancy and flexible commercial space within the downtown area, with dining, retail, and civic amenities described as nearby. The configuration supports a blend of apartment and business uses within one address.
Key Highlights
- 14,400‑square‑foot mixed‑use building at 222 West Exchange Street
- Second‑level residential loft apartment with five bedrooms
- 21 individual commercial rentable spaces
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property pairs a residential loft with multiple commercial rental spaces across several finished levels.
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 $499,900.
What are key features of this property?
This property features: 14,400‑square‑foot mixed‑use building at 222 West Exchange Street; Second‑level residential loft apartment with five bedrooms; 21 individual commercial rentable spaces
