211 E Stephenson St - Apartments FOR SALE
Freeport, IL 61032 |
211 E Stephenson St
Freeport, IL 61032
HIGHLIGHTS
- Prime mixed-use property located in the heart of downtown Freeport within the Enterprise Zone, offering potential tax incentives for investors.
- Includes large commercial office space on the main level with multiple private offices, a kitchenette, restroom, and high ceilings
- Recent updates include new water heaters (2021 and 2022) and a new furnace (2018) for improved efficiency and reduced maintenance costs
- Excellent visibility along Stephenson Street an convenient access to 24-hour public parking lot and additional street parking for tenants and visitor
- Strong investment opportunity with existing occupancy and potential for owner-user or continued rental income from both commercial and residential
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
211 & 211 1/2 E Stephenson St, Freeport IL
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential, Office/Residential
TOTAL BUILDING SIZE
5900
STORIES
3
YEAR BUILT
1892
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
18-14-31-215-002
