1333 Us Bus 20 Freeport, IL 61032
- Investment properties
Current Use by Public Records
- Investment properties
Property Details for 1333 Us Bus 20
- Year built
- 1972
- Property type
- Investment properties
Description
This exceptional Freeport, IL commercial property presents a unique investment opportunity. Situated on over one acre, the property boasts multiple buildings with ample asphalt parking. The main building, measuring 30' x 96', is currently vacant, offering immediate potential for lease or owner-occupancy. Three additional areas are occupied by tenants under long-term leases, providing a consistent stream of rental income. The property also includes a 40' x 30' living quarters, ideal for owner-occupancy or on-site management. Two additional shop buildings are present: a 40' x 45' shop and a 38' x 25' shop addition. The property is conveniently located at 1333 E Us Bus 20, Freeport, IL and is zoned for commercial use by the county. Essential utilities are in place, including a well and septic system. This versatile property is suitable for a variety of commercial uses, making it an attractive investment for both seasoned investors and those seeking a profitable venture. The combination of vacant space and established tenant occupancy offers flexibility and immediate return on investment. The substantial lot size provides ample room for expansion or future development. Priced at $299,000, this property represents a compelling opportunity in the thriving Freeport market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Stephenson
- State
- Illinois
- Longitude
- -89.5672
- Latitude
- 42.2766
