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Downtown Freeport Retail Opportunity

26 W Stephenson St, Freeport, IL

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Retail property with three storefronts in a prime downtown location.

Type:RETAIL

Property size:

5,159 SF

Lot size:

0.12 Acres

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Aubra Palermo

Real Estate License ID: 471007310

HighLights

Prime downtown location with high daily traffic.
Three separate storefronts with individual entrances/exits and utilities.
Located in Downtown TIF District and Enterprise Zone.
Storefront #30 features corner exposure, lots of sunlight, a 20' serving counter, a kitchen with a walk‑in cooler, and a usable basement.
All units have usable basements.
New roof installed in 2018.

For Lease

Contact for pricing

Retail property with three storefronts in a prime downtown location.

Type:RETAIL

Property size:

5,159 SF

Lot size:

0.12 Acres

Added:: Nov 24, 2025
Days on Market:: 225
Last Refresh:: May 20 at 9:43 pm

Property Features for 26 W Stephenson St

General Information

Standard status: Active
Size: 5,159 SF
Lot size: 0.12 Acres
Property subtype: RETAIL

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Aubra Palermo

Listing office Re/Max Unites

Listing date Nov 24, 2025

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All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Unites

HighLights

Prime downtown location with high daily traffic.
Three separate storefronts with individual entrances/exits and utilities.
Located in Downtown TIF District and Enterprise Zone.
Storefront #30 features corner exposure, lots of sunlight, a 20' serving counter, a kitchen with a walk‑in cooler, and a usable basement.
All units have usable basements.
New roof installed in 2018.

Overview

This retail property, constructed in 1958 with a solid brick and block foundation, is situated at the corner of Stephenson Street and Van Buren Avenue in Freeport, IL, within the Downtown TIF District and Enterprise Zone. The location benefits from high visibility, with over 2,000 cars passing by daily and over 1,000 people present downtown each day. The property includes three separate storefronts, each with its own entrance, exit, and utilities, including separate heating and air. A new roof was installed in 2018. Storefront #30 is approximately 15 feet wide and 64 feet deep, featuring corner exposure, abundant sunlight, a 20-foot serving counter, a 15-foot by 30-foot kitchen, a 7-foot by 10-foot walk-in cooler, and a usable basement. Storefront #28 is approximately 18 feet wide and 64 feet deep, with a large front window, some built-in shelving, two bathrooms, and a usable basement. Storefront #26, previously a department store and currently a martial arts studio, is 32 feet wide and 67 feet deep, offering great front display windows and a usable basement. Ceilings throughout the units are approximately 14 feet high. The property offers options for various businesses, including a small cafe or retail spaces.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

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Local Demand

City: Freeport
County: Stephenson
State: Illinois
Longitude: -89.619049
Latitude: 42.298748

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For lease
Retail space
IL
Freeport
26 W Stephenson St

What type of property is this?

Retail space - Retail property with three storefronts in a prime downtown location.

Where is this retail space located?

The property is located at 26 W Stephenson St Freeport, IL.

What are key features of this property?

This property features: Prime downtown location with high daily traffic.; Three separate storefronts with individual entrances/exits and utilities.; Located in Downtown TIF District and Enterprise Zone.