Mixed-Use Investment
For Sale
$1,800,000
700-700 N State St, Freeburg, IL 62243
Mixed-use building with four retail/commercial spaces and eight residential units above in Freeburg, IL.
Property SizeContact for details
Days on Market288
Property Features for 700-700 N State St
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$41,492
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(636) 720-1100
Listed By:
Jim VonDerHaar · License #475143894
(618) 628-2400
Source:
Exprealty
Added: Nov 24, 2025
Changed: Sep 6
Last Checked: Sep 7 at 4:06PM
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 Berkshire Hathaway HomeServices Select Properties
Investment Insights
Based on property information with market context.
For sale is a mixed-use investment property offering combined income from retail/commercial space on the ground level and residential units on the upper floors. The building totals 18,247 square feet and sits on 1.210 acres. There are four retail/commercial spaces, along with eight well-maintained residential units.
The residential portion includes building amenities referenced in the property remarks, including an elevator, a fitness room, and individual storage units for tenants. The property is located at 700-700 N State St in Freeburg, IL.
This configuration supports day-to-day operating income across both commercial space and residential rentals within the same ownership.
The residential portion includes building amenities referenced in the property remarks, including an elevator, a fitness room, and individual storage units for tenants. The property is located at 700-700 N State St in Freeburg, IL.
This configuration supports day-to-day operating income across both commercial space and residential rentals within the same ownership.
Key Highlights
- 18,247 SF mixed‑use property on 1.210 acres in Freeburg, IL
- 4 retail/commercial spaces along State Street
- Upper levels feature 8 residential units
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 62243, IL
5,796
Population
2,537
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
95%
High-School Grad
51.7 sq mi
ZIP Area
112
Density / Sq Mi
$93,328
Median Household Income
$48,947
Median Earnings
$1,100
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use building with four retail/commercial spaces and eight residential units above in Freeburg, IL.
Where is this apartment building located?
The property is located at 700-700 N State St Freeburg, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 18,247 SF mixed‑use property on 1.210 acres in Freeburg, IL; 4 retail/commercial spaces along State Street; Upper levels feature 8 residential units
