120 E Clark St - Warehouse FOR SALE


Freeport, IL 61032
$1,900,000 USD
312-589-5797
120 E Clark St, Freeport, IL for Sale
$1,900,000 USD
Warehouse - FOR SALE
1/19
null | Request Cap Rate

120 E Clark St
Freeport, IL 61032


HIGHLIGHTS

  • Owner/user or investment opportunity
  • Flexible spaces
  • High end top floor HQ offices fully built out

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$11 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1928

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

10 Ft

DOCKS

4

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.18

LAND SF

225,641

ZONING

M-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tom WagnerMon Ami RealtyMore Info
312-589-5797

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Tom WagnerMon Ami RealtyMore Info
312-589-5797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.