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0 Beds
17,353 sqft

$440,000

222 W Exchange Street, Freeport IL, 61032

Price per sqft$25.36
Built in1900
Property size17,353 sqft
Property typeOther
Listed by Kimberly Taylor with NextHome First Class 815-541-5557

Overview

Active

Listed Dec 11, 2025

Updated 20h ago

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.

$2,927/mo

Est. mortgage payment based on a $440,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12522183

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.33 Acres

Other Property Details

Taxes
$4,800
Tax Frequency
Annually
MLS provider logo

Listed by Kimberly Taylor with NextHome First Class 815-541-5557

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Data is refreshed every 3 hours. Listing last updated 6:43 AM UTC on 10/9/2026. 

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