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Property profile & analytics
OFF-MARKET
Office Spaces

28 Main St Freeport, IL 61032

14,919 SF Built 1887
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 28 W Main St in Freeport, IL (61032), offers 3,000 square feet of versatile office space on the second floor of a historic 1887 brick building. The space is comprised of three individual suites, each offering abundant natural light from large windows, and can be leased individually or as a whole. Ideally situated at the corner of Main Street and S Van Buren Ave, this prominent location in the Stephenson County submarket (Northwest Illinois) benefits from high foot traffic. The entire building encompasses 14,919 square feet across three stories, though this listing is specifically for the second floor. The building is a single-tenant property and does not include elevators. This unique opportunity is perfect for a variety of businesses, including traditional offices, executive suites, coworking spaces, medical offices, or creative studios seeking a vibrant downtown location with historical charm. The property's rich history and prime location make it an ideal space for businesses looking to establish a strong presence in the Freeport community. The building's architectural details and prominent street presence offer an unparalleled opportunity to establish a business in a highly visible and desirable location.

Property profile
Verified
Property type Office Spaces
Year built 1887
Total area 14,919 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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