210 W Spring St - Office FOR SALE


Freeport, IL 61032
$475,000 USD
815-297-1778
210 W Spring St, Freeport, IL for Sale
$475,000 USD
Office - FOR SALE
1/50
null | Request Cap Rate

210 W Spring St
Freeport, IL 61032


OVERVIEW

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 hightraffic commercial corridor.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

210 W Spring St, Freeport IL

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

B1-2

APN/PARCEL ID

18-14-31-186-017

ASK ABOUT THIS PROPERTY

Aubra PalermoRE/MAX UnitesMore Info
815-297-1778

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Aubra PalermoRE/MAX UnitesMore Info
815-297-1778

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