222 W Exchange ST, Freeport, IL 61032
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222 W Exchange ST, Freeport, IL 61032
222 W Exchange ST, Freeport, IL 61032
222 W Exchange ST, Freeport, IL 61032
222 W Exchange ST, Freeport, IL 61032
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Samuel Stella

Samuel Stella

+1(224) 426-4652
$ 440,000
Est. payment /mo
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Price Dropped by $19K

222 W Exchange ST Freeport, IL 61032

17,353 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 17,353 sqft

Price per Sqft $25

MLS Listing ID 12522183

Year Built 1900

Annual Tax Amount $4,800

Tax Year 2024

Lot Dimensions 120x120

Property Sub-Type Mixed Use

Property Description

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.

Location

State IL

County Stephenson

Area Freeport

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Kimberly Taylor of  NextHome First Class 

NEARBY SCHOOLS & PROPERTIES

Samuel Stella

Samuel Stella

Designated Managing Broker / Owner License ID: 471.021016

+1(224) 426-4652

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222 W Exchange ST

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