Financial
Distress signals
Property profile

500 Economy Ct Freeport, IL 61032

OFF-MARKET
Office Spaces
Property ID
US28-3713686
8 ac lot Built 1800
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$92k
Tax billed · 2022
Assessed value$742k
Assessed land$154k
Assessed improvement$589k
Effective rate12.41%

Value estimate

· Sep 2026
$210k
$189k – $231k
AI approach$210k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSTEPHENSON

Location intelligence

Which uses thrive at this corner?
Best fit: Gym & Fitness
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Gym & Fitness8.5
Cafe & Coffee Shop9.0
Auto Parts Store9.2

Location

500 Economy Ct Freeport, IL 61032-5065
County assessor Recorded deeds · not on file Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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