222 W Exchange St

Freeport, IL 61032
  • $440,000

    Price
  • 17,353

    SqFt
  • 0.33

    Acre

About the Listing 93575 - 932455,939461

Downtown Freeport Mixed-Use Investment | Multiple Income Streams Strategically located in the heart of downtown Freeport, this multi-level mixed-use building presents an exceptional opportunity for investors seeking diversified and scalable income. The property features multiple finished levels anchored by a second-level residential loft apartment with five bedrooms, ideal for executive housing, short- or long-term rental, or owner occupancy. The commercial component consists of 21 individual rentable spaces, well-suited for salon suites, professional offices, and service-oriented businesses, allowing for tenant diversification and strong demand across multiple business sectors. The building is equipped with a functional elevator, enhancing accessibility and broadening tenant appeal. Additional highlights include ample on-site parking, a high-visibility downtown location, and close proximity to dining, retail, and civic amenities-driving consistent foot traffic and long-term tenancy. This asset offers multiple revenue streams, flexible leasing configurations, and value-add potential through lease optimization or repositioning. Ideal for investors, owner-operators, or portfolio expansion, this downtown Freeport property combines residential income, commercial stability, and strong location fundamentals in one compelling offering.

Listing Highlights for 222 W Exchange St

Status Active
Days on Site 307
Property Type Commercial Sale
MLS ® 12522183
Year Built 1900
Total Square Footage 17,353
Lot/Acreage 0.33

Interior Details

  • Appliances:
  • Air Cond: Central Air,Window Unit(s)
  • Heating:
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 120x120
  • Roof:
  • Others:
  • Sewer:
  • Parking Features: 6-12 Spaces,1-5 Spaces

Financial Details

  • Tax Amount: $4,800
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 18143113800200
  • Tax Year: 2024

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Listing Location

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222 W Exchange St Freeport, IL 61032

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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