19 Chicago Ave, Freeport, IL 61032
This exceptional commercial property, located at 19 & 21 South Chicago Avenue in Freeport, Illinois, presents a unique investment opportunity. Boasting 5,400 square feet of well-maintained space, this building is ideally situated in the heart of downtown Freeport's 61032 zip code, benefiting from high visibility and significant daily traffic counts exceeding 1,600 vehicles, according to IDOT data. Previously utilized as a clothing boutique, the property offers remarkable versatility. The main level provides ample space for a variety of commercial uses, while the finished second level presents endless possibilities, adaptable for apartments or offices. The building features three separate entrances, enhancing accessibility and functionality. Natural light floods the interior, creating a bright and inviting atmosphere. The property's location within both the Tax Increment Financing (TIF) district and an Enterprise Zone offers potential tax advantages. Furthermore, the roof is relatively new, installed within the last five years and backed by a transferable 40-year warranty, ensuring long-term peace of mind. This is a rare opportunity to acquire a well-maintained, high-traffic commercial building in a desirable downtown location. The property's versatility and prime location make it an attractive investment for both established businesses and entrepreneurs seeking a thriving commercial space.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.