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.
| MLS # | 12560294 |
|---|---|
| Listing Type | For Sale |
| Style | Office/tech |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 202 |
| Listing Provided By | RE/MAX Unites | Aubra Palermo |
| SQ Feet | 17,160 |
|---|---|
| Story(s) | 1 |
| Zoning | COMMR |
| Acreage | 0.83 |
| Cooling | Central Air |
|---|
| Electric | Circuit Breakers |
|---|
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 3068 |
| State | IL |
|---|---|
| County | Stephenson |
| City | Freeport |
| Zip Code | 61032 |
| Area | Freeport |
| Listing VS Median (in 61032) | |
Price: $449,000 low | high Med: $189,000 sqft: 17,160 low | high Med: 1,792 $ / sqft: $26 low | high Med: $105 On site: 202 low | high Med: 27 | |
| State | IL |
|---|---|
| County | Stephenson |
| City | Freeport |
| Zip Code | 61032 |
| Area | Freeport |
| Listing VS Median (in 61032) | |
Price: $449,000 low | high Med: $189,000 sqft: 17,160 low | high Med: 1,792 $ / sqft: $26 low | high Med: $105 On site: 202 low | high Med: 27 | |