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Property profile & analytics
OFF-MARKET
Specialty properties

415 Stephenson St Freeport, IL 61032

Property ID
Property summary
AI-generated overview

This exceptional 650-square-foot commercial space is ideally situated in Freeport, Illinois, within the Stephenson County submarket of Northwest Illinois. Located in a basement unit, this single-tenant property is perfect for a variety of uses, including a small office, barbershop, or storage facility. The space is currently available for lease and offers a highly attractive rental rate of $400 per month, with all utilities included by the owner. This represents a significant advantage for potential tenants, eliminating the unpredictable costs associated with utility bills. Further enhancing the appeal of this property is the absence of a required security deposit, minimizing upfront financial commitments. The landlord offers flexible lease terms to accommodate the specific needs of prospective businesses. To sweeten the deal, a unique incentive is offered: pay three months' rent upfront, and receive the fourth month rent-free. The property includes a convenient bathroom and a functional kitchen area, adding to its overall practicality and appeal. This presents a rare opportunity for entrepreneurs and small businesses seeking affordable and versatile commercial space in a desirable Northwest Illinois location. Inquire today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Specialty properties
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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