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Industrial Flex Building
For Sale
$59,500

77 S Louis Avenue, Freeport, IL 61032

Commercial Sale, Freeport, IL

Property Size2,400 SF
Lot Size1.47 Acres
Price / SF$24.79
Days on Market93

Property Features for 77 S Louis Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning INDUS
Directions US RT 20 W to BUS RT 20 W to Adams Ave
Subdivision Freeport
Standard status Active
APN 07143220201300
Lot size 1.47 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 374

Building Details

Year built 1950
Floors in Building 1
Number of units 1
Listing Agency: HomeSmart Connect LLC · HomeSmart International
Listed By: Mark Smith
Added: Jun 27 Changed: Aug 19 Last Checked: Sep 27 at 2:06AM
MLS# 12683441

Copyright © 2026 Midwest Real Estate Data, LLC. 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.

Constructed in 1950, this industrial flex property contains a 2,400-square-foot building measuring 40 feet by 60 feet. The site encompasses 1.47 acres and carries INDUS zoning. The property is presented as suitable for several commercial applications, including auto repair or service, storage, warehousing, contractor operations, light industrial activity, distribution, and equipment storage.

A Phase I Environmental Site Assessment was completed in 2005, providing prior environmental due diligence documentation. The property is located at 77 S Louis Avenue in Freeport, Illinois, within Stephenson County and ZIP Code 61032.

Key Highlights

  • 2,400‑square‑foot building measuring 40 feet by 60 feet
  • 1.47‑acre commercial site
  • INDUS zoning

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store HVAC Service Pharmacy Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

89
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • L3VENTS hospitality group — 809 s 14th ave, freeport, il 61032

Frequently Asked Questions

What type of property is this?
Flex space - Commercial building on a 1.47-acre site with INDUS zoning and adaptable business-use potential.
Where is this flex space located?
The property is located at 77 S Louis Avenue Freeport, IL.
What is the asking price?
The asking price for this property is $59,500.
What are key features of this property?
This property features: 2,400‑square‑foot building measuring 40 feet by 60 feet; 1.47‑acre commercial site; INDUS zoning
More about this property
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