Property profile & analytics
500 Economy Ct Freeport, IL 61032
- Office Properties & Spaces
- 8.00 lot acres
For Sale
View listing
$2,900,000
Value Estimation
Location Intelligence
Property ID
US28-3713686
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Office Properties & Spaces
Property Details for 500 Economy Ct
- Year built
- 1800
- Lot size
- 8.00 lot acres
- Property type
- Office Properties & Spaces
- APN
- 18-14-31-155-071
- APU
- 181431155071
Description
This exceptional commercial office building presents a unique investment opportunity in Freeport, Illinois. Boasting a substantial 181,657 square feet of space, this property is ideally situated just minutes from US Bus 20 and approximately 5 minutes from US Hwy-20, ensuring excellent accessibility. The building, formerly a call center, is configured across four wings, each with its own distinct construction history. The east wing, a two-story structure, was built in 1952 with an addition in 1957. The west wing, also two stories, dates back to 1952. The north wing (three stories) was added in 1977, and the south wing (three stories) was constructed in 1988. The north wing's roof was replaced in 2020
Value Estimation
Powered by Realmo proprietary methodology
Last update: July 3, 2025
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Stephenson
- State
- Illinois
- Longitude
- -89.6275
- Latitude
- 42.2953
- CBSA code
- 23300
- CBSA name
- FREEPORT, IL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$92,141
$153,829
$588,519
$742,348
-
$461,487
$1,765,557
$2,227,044
