Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1555 Il-75 Freeport, IL 61032

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Large Freeport manufacturing/warehouse space.

    Lot size:
    462,660 SF

    Property Features for 1555 Il-75

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    462,660 SF

    Building Details

    Year Built
    1980
    Stories
    2

    Spaces For Lease

    at 1555 Il-75, Freeport, IL 61032 Contact us

    We can help!

    Listing Contact
    Luke Herder

    Listing Agency: Phoenix Investors Listing Agent: Luke Herder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Freeport, Illinois industrial property, located at 1555 IL Route 75 E, offers a substantial 186,359 square feet of immediately available space within a larger 462,660 square foot building. Situated on a generous 102 acres, this multi-tenant property boasts a range of features ideal for manufacturing, warehousing, or distribution operations. The building, constructed in 1980, is a two-story structure with ceiling heights varying from 14 to 25 feet, providing ample vertical space for various storage and operational needs. Thirty loading docks ensure efficient handling of goods, while the robust 480-volt, 3-phase power supply supports demanding industrial processes. The property is zoned M-2: General Manufacturing, allowing for a wide array of permitted uses. The available space is contiguous, offering significant flexibility for a single tenant. This prime location in Freeport, Illinois (zip code 61032) provides excellent access to transportation networks, making it an attractive option for businesses seeking efficient logistics. The property's size and features make it a rare opportunity in the Freeport industrial market. Inquire today to learn more about this exceptional industrial space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.5871989
    Latitude
    42.3051065

    Nearby Similar for Lease

    • $2,200 /Mo

      Downtown Freeport Office Space Available

      Office suites for lease in downtown Freeport, Illinois.
      224 W Stephenson, Freeport, IL 61032
      View Details
    • Contact for pricing
      4,775 SF

      Freeport Retail/Office Space Available

      Retail or office space in well-established Freeport business district.
      1007 W Galena Ave, Freeport, IL 61032
      View Details
    • $600 /Mo

      Freeport Retail/Restaurant Space Available

      Retail or restaurant space for lease in Freeport, Illinois.
      218 W Stephenson, Freeport, IL 61032
      View Details
    • $2 SF/Yr
      328,723 SF

      Freeport IL Distribution Center

      Large Flex Warehouse Space Available
      1201 Adams Ave, Freeport, IL 61032
      View Details
    • Contact for pricing
      4,450 SF

      Freeport Retail Space Available

      Retail space available in Freeport, 35 miles from Chicago.
      2725 Il-26, Freeport, IL
      View Details
    • $450 /Mo

      Retail Space in Freeport, IL

      Retail space for rent in Freeport. All utilities included.
      15 S Van Buren Ave, Freeport, IL 61032
      View Details
    • $450 /Mo

      Office/Retail Space in Freeport, IL

      Office/retail space available for rent in Freeport, Illinois.
      17 S Chicago Ave, Freeport, IL 61032
      View Details
    • $400 /Mo

      Office Space with Utilities Included

      Office space for rent with utilities included in Freeport.
      415 W Stephenson, Freeport, IL 61032
      View Details
    • $450 /Mo

      Retail Space in Freeport, IL

      Commercial space available for rent in Freeport, Illinois.
      220 W Stephenson, Freeport, IL 61032
      View Details
    • $600 /Mo

      Retail Space in Freeport, IL

      Retail space for rent; utilities included.
      28 W Main St, Freeport, IL 61032
      View Details
    • Contact for pricing
      11,866 SF

      Freeport Retail Property Available

      Retail property available for lease in Freeport, Illinois.
      2725 Illinois 26, Freeport, IL 61032
      View Details
    • Contact for pricing
      18,000 SF

      Retail Space with Strong Visibility

      18,000 SF retail space with easy access and high traffic.
      1611 S West Ave, Freeport, IL 61032
      View Details

    FAQs

    What type of property is this?
    Distribution property - Large Freeport manufacturing/warehouse space.
    Where is this distribution property located?
    The property is located at 1555 Il-75 Freeport, IL.
    What are key features of this property?
    This property features: 186,359 SF of immediately available industrial space in a 462,660 SF building on 102 acres.; 30 loading docks and 480-volt, 3-phase power.; Located in Freeport, IL (61032), close to US Hwy 20 and 30 miles from Chicago Rockford International Airport.
    Request Owner's contact information
    1555 Il-75 Freeport, IL 61032
    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.
    1555 Il-75
    Freeport, IL 61032
    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
    1555 Il-75 Freeport, IL 61032
    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

    We can help!
    Listing Contact
    Luke Herder
    Learn more
    Google sign-in failed. Please try again or use another login method.