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$ 475,000
Est. payment | /mo
17,160 SqFt
$ 475,000
Est. payment | /mo
17,160 SqFt
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 17,160 sqft
Price per Sqft $27
MLS Listing ID 12560294
Year Built 1929
Annual Tax Amount $3,367
Tax Year 2024
Lot Size 0.830 Acres
Lot Dimensions 292 x 120
Property Sub-Type Office/Tech
Property Description
Highly visible 17,160 square foot commercial building occupying a full city block on over 3/4 of an acre, offering multiple street frontage and exceptional accessibility. The property fronts IL Highway Business 20 West / Galena Avenue with a documented traffic count of approximately 3,900 vehicles per day, along with additional frontage on Spring Street and Walnut Avenue. The building has successfully housed multiple businesses simultaneously and offers a highly flexible interior layout that can be easily configured for co-working space, shared office environments, event or assembly space, meeting rooms, retail/office combinations, or multi-tenant occupancy. Layout flexibility allows spaces to operate independently while remaining under one roof. A garage/loading dock accessed from Spring Street supports deliveries and operational needs. The site offers approximately 33,000 square feet of paved parking, with nearly 90% of the lot paved, resulting in low exterior maintenance and excellent parking capacity for customers, employees, or event attendees. Originally constructed as a theatre, approximately 9,269 square feet of the building features dramatic 25-foot ceilings, with an attic-level mezzanine showcasing the original architectural character and offering additional storage potential. The section commonly referred to as the Farm Bureau area provides over 4,000 square feet with 15-foot ceilings, while the Country Side section offers more than 3,800 square feet with 16-foot ceilings. This property presents a rare opportunity for an owner-user, investor, or adaptive reuse project seeking visibility, scale, parking, and flexible space in a high-traffic commercial corridor.
Location
State IL
County Stephenson
Area Freeport
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Office/Tech
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Listed by Aubra Palermo of RE/MAX Unites
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