120 Clark St, Freeport, IL 61032-3328
This exceptional Freeport, Illinois property at 120 E Clark St offers a unique blend of office, industrial, and warehouse space, totaling 179,944 square feet. Situated on 0.89 acres in the heart of downtown, this five-story building boasts a rich history, having served as the former headquarters of Furst-McNess. Recently renovated in 2018, the property features modern, spacious offices, ideal for executive suites or creative office spaces. The building also includes substantial warehouse space, divisible into units ranging from 15,929 to 44,002 contiguous square feet, with a minimum divisible space of 15,929 square feet. Currently, 79,860 square feet is vacant and available. Practical features include four loading docks, a freight elevator, a passenger elevator, and 20 parking spaces. The high ceilings, measuring 61.46 feet, add to the versatility of the warehouse area. The property is zoned X and its APN is 18-14-30-455-005. Current tenants include Areo LLC and Parts Authority LLC. This prime location offers easy access to the library, post office, and East Clark Street. The property is available for lease or sale, with negotiable rental rates. The top floor offers fully furnished headquarters office space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.