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    1005 Galena Ave Freeport, IL 61032

    Sponsored
    For Lease
    Contact for pricing

    High-Visibility Retail Space Available

    Lot size:
    8,775 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Freeport, IL retail strip center at 1005 W Galena Ave offers 8,775 square feet of space, with 4,775 square feet currently vacant. The property sits on a 1.06-acre lot and provides ample parking with 50 spaces, ensuring convenient access for both tenants and customers. The building's prime location and high visibility make it an ideal opportunity for businesses seeking strong foot traffic and brand recognition. The vacant space presents a blank canvas for customization, allowing future tenants to create a retail environment perfectly suited to their needs. The existing building is well-maintained and offers a versatile layout adaptable to various retail concepts. This property is strategically positioned in a thriving commercial area of Freeport, offering excellent exposure and accessibility. The convenient on-site parking further enhances the appeal of this location for both employees and customers. Don't miss this chance to establish your business in a high-traffic, highly visible location within a well-maintained retail strip center. The property's size and layout offer significant potential for growth and success. This is a rare opportunity to secure a prominent retail space in a desirable Freeport location.

    Property Features for 1005 Galena Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,775 SF

    Unit(s) available at that property

    Space
    Suite C
    Size
    4,775 SF

    HighLights

    • 8,775 SF retail strip center on 1.06 acres.
    • 4,775 SF of vacant space available.
    • 50 total parking spaces.
    • Multiple tenancy.
    • High‑visibility location at 1005 W Galena Ave, Freeport, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.638169929939
    Latitude
    42.301704248203

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    FAQs

    What type of property is this?
    Neighborhood center - High-Visibility Retail Space Available
    Where is this neighborhood center located?
    The property is located at 1005 Galena Ave Freeport, IL.
    What are key features of this property?
    This property features: 8,775 SF retail strip center on 1.06 acres.; 4,775 SF of vacant space available.; 50 total parking spaces.
    Request Owner's contact information
    1005 Galena Ave Freeport, IL 61032
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    Freeport, IL 61032
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    Realmo Value Estimation

    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.

    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.

    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
    1005 Galena Ave Freeport, IL 61032
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