Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freeport Land Parcel For Sale Title is generated by Realmo AI

    2810 W Pearl City Road, Freeport, IL 61032

    View on Map
    Claim this Listing
    For Sale
    $80,000

    LAND - FREEPORT, IL

    Lot size:
    3.50 Acres
    Added:
    Sep 20, 2025
    Days on Market:
    255
    Last Refresh:
    May 31 at 11:06 pm

    Property Features for 2810 W Pearl City Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    031802100018
    Lot size
    3.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PT NE NW SEC 2-26-7

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Emily Gahm

    Listing agent Emily Gahm License #475206704

    Listing office eXp Realty 10 N Martingale Rd. 400, Chicago, IL

    Listing date Sep 20, 2025

    MLS# 202505795 Listing URL

    Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 3.5‑acre property.
    • Highly desirable location.
    • Plenty of open space.
    • Private parcel.
    • Sought‑after area.
    • Water source: Well.

    Overview

    This is a 3.5-acre property situated in Freeport, Illinois. The land offers open space, providing opportunities for enjoyment and relaxation while remaining close to local amenities and conveniences. The property is located in a sought-after area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.663919
    Latitude
    42.284201

    Nearby Similar for Sale

    • $1,800,000

      Renovated Freeport Commercial Property For Sale

      Fully renovated commercial property in Freeport, Illinois, with strong cashflow.
      731 Midwest Court, Freeport, IL 61032
      View Details
    • $135,000
      856 SF

      Commercial Property in Freeport, IL

      Commercial property with office, bathrooms, and parking in Freeport.
      221 W Galena Avenue, FREEPORT, IL 61032
      View Details
    • $325,000

      Established Freeport Greenhouse and Orchard

      Profitable turnkey business opportunity with greenhouses, orchard, and living space.
      1706 S Baileyville Road, FREEPORT, IL 61032
      View Details
    • $319,000

      Turnkey Automotive Building on Galena

      Automotive-oriented building on 0.58 acres in high-traffic area.
      2045 W Galena Avenue, Freeport, IL 61032
      View Details
    • $200,000
      2,560 SF

      Freeport Duplex: Owner-Occupant Opportunity

      Two-story duplex with separate utilities, ideal for owner-occupants.
      404-406 E Prospect Terrace, FREEPORT, IL 61032
      View Details
    • $350,000
      8,300 SF

      Freeport Commercial Building on Business 20

      Versatile commercial building with office and storage space available.
      115 East South Street, Freeport, IL 61032
      View Details
    • $165,000
      768 SF

      Freeport Land with Building

      10 acre Freeport property with wooded timber and building.
      1441 West Fairview Road, Freeport, IL 61032
      View Details
    • $475,000
      17,160 SF

      Versatile Commercial Building on Full Block

      17,160 SF commercial building with flexible layout and ample parking.
      210 W Spring St, Freeport, IL 61032
      View Details
    • $250,000

      Versatile Freeport Land with Pond

      15.796-acre Freeport property with pond, utilities, and development potential.
      4414 N Tower Road, FREEPORT, IL 61032
      View Details
    • $459,900

      Freeport Mixed-Use Investment Opportunity

      Downtown Freeport multi-level property with residential and commercial spaces.
      222 West Exchange Street, Freeport, IL 61032
      View Details
    • $160,000

      Freeport Retail Storefronts For Sale

      Three storefronts in a prime downtown location.
      26 West Stephenson Street, Freeport, IL 61032
      View Details
    • $30,000

      Downtown Commercial Lot For Sale

      Prime commercial lot with high visibility and development potential.
      220 North Galena Avenue, Freeport, IL 61032
      View Details

    FAQs

    What type of property is this?
    Land - 3.5 acre property in desirable Freeport, Illinois location.
    Where is this land located?
    The property is located at 2810 W Pearl City Road Freeport, IL.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Large 3.5‑acre property.; Highly desirable location.; Plenty of open space.
    (815) 541-2635
    We can help!
    Listing Contact
    Emily Gahm
    Real Estate License ID: 475206704
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2810 W Pearl City Road, FREEPORT, IL 61032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!