224 Stephenson St Freeport, IL 61032
This exceptional Freeport, Illinois property, located at 224 W Stephenson St, offers 4,744 square feet of versatile commercial space. The building is ideally situated in the heart of downtown Freeport, providing excellent visibility and accessibility. The layout includes three main floor offices totaling approximately 3,100 square feet, and an additional 1,125 square feet of office space upstairs. This flexible configuration allows for single-tenant occupancy or division into separate suites, catering to a variety of business needs. The property is suitable for traditional office use, executive suites, creative office spaces, medical offices, or even coworking arrangements. The space presents a significant opportunity for businesses seeking a prominent location with ample room for growth. Tenants are responsible for all utilities. Attractive move-in incentives are available. The property is classified as Retail and Office, with a single-tenant occupancy. Located in Stephenson County, Illinois, zip code 61032, this prime location offers a unique blend of convenience and potential. Inquire today to learn more about this exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.