Positioned in the heart of historic downtown Freeport, this expansive ±180,000 SF facility presents a compelling acquisition opportunity for investors or owner-users. Featuring a mix of modernized office space and food-grade industrial capacity, this asset is well suited for a wide variety of end users including manufacturers, distributors, institutional occupiers, or value-add investors seeking scale and location.
Property Overview:
Total Building Area: ±180,000 SF
Land Size: 5.56 acres
Office Buildout: ±20,000 SF of modernized Class A space
Zoning: Light Industrial
Occupancy: Approximately 13% occupied, offering immediate upside potential
Ceiling Height: 10' clear
Dock Access: 4 dock-high loading bays
Construction: Masonry/brick with updated systems
Investment Highlights:
Recent Capital Improvements: Over $2 million in upgrades including new HVAC systems, renovated office interiors, upgraded electrical, and resurfaced parking
Food-Grade Certified with a fully sprinklered warehouse
Redundant Fiber Connectivity and on-site backup generator
Located in a Federal Opportunity Zone — significant tax incentives available
Historic Adjacency: Directly next to the site of the famous 1858 Lincoln-Douglas Debate
Adaptive Reuse Potential: Ideal for continued industrial use, or repositioning as a multi-tenant tech, R&D, or institutional facility
This offering combines historical relevance with robust infrastructure, making it an ideal purchase for buyers seeking scale, value-add potential, and long-term upside in a central Midwest location.