Property profile

210 SPRING ST Freeport, IL 61032

OFF-MARKET
Coworking space
Property ID
US28-Q022905
17,160 SF Built 1929
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Property summary

AI-generated overview

A 17,160-square-foot commercial building occupies an entire city block on a site of over 3/4 acre and provides multiple street frontages for access and visibility. The property fronts IL Highway Business 20 West / Galena Avenue and also has frontage on Spring Street and Walnut Avenue. The building has historically supported multiple simultaneous businesses and features a flexible interior layout that can be arranged for uses such as co-working, shared office or meeting space, event or assembly space, retail/office combinations, or multi-tenant occupancy, with independently operable areas configured under one roof. A garage/loading dock accessed from Spring Street supports deliveries and operational needs. The site includes approximately 33,000 square feet of paved parking. Ceiling heights include approximately 9,269 square feet with 25-foot ceilings plus an attic-level mezzanine; a Farm Bureau area of over 4,000 square feet with 15-foot ceilings; and a Country Side section of more than 3,800 square feet with 16-foot ceilings. Originally constructed as a theatre, the property includes structural and spatial characteristics suitable for adaptive reuse in a high-traffic commercial corridor.

Property profile

Verified
Property type Coworking space
Year built 1929
Total area 17,160 SF
UPID US28-Q022905

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

210 SPRING ST Freeport, IL 61032
Freeport metro
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Value estimations

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Owner & transaction history

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