524 Stephenson St Freeport, IL 61032-5057
This Freeport, IL office space offers 8,100 contiguous square feet on the first floor of a two-building complex, situated on 3.8 acres of land. The property, a Class B building renovated in 2015, features a total of 78,000 square feet across four stories. Currently, 9,000 square feet is available, divisible into spaces as small as 2,000 square feet. The space boasts 52 nearly new cubicles, each equipped with a desk, file cabinets, and shelving, pre-wired for electricity and data. Additional amenities include multiple conference/training rooms, private offices, a kitchen/break room, an equipment room, a storage area, key card access, and dedicated women's restroom facilities. The space is well-lit with high-quality LED lighting, high ceilings, and ample window areas. The building offers 200 parking spaces and two elevators. Located at 524 W Stephenson St, Freeport, IL 61032 (cross street: Green St), the property is zoned for business use. This versatile space is suitable for various office configurations, including traditional, coworking, creative, or medical uses. The building's multiple tenancy structure allows for flexibility in lease terms.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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