524 W Stephenson St - Office FOR SALE
Freeport, IL 61032 |
586-202-2340
524 W Stephenson St
Freeport, IL 61032
HIGHLIGHTS
- Landmark office building, 84% leased with several new tenants beginning in 2025, providing immediate cash flow and lease upside for investors.
- Simplified commutes with easy access to Highway 20 and 26, and connections to Chicago/Rockford International Airport in under an hour.
- Regularly renovated, including updates to the HVAC and signage, it features a brick façade, clay-tile roofing, and beautiful classic architectural.
- Modern amenities include fiber optic internet, an on-site cafeteria, flexible floorplans, key card access, and security camera systems.
- Tenants benefit from proximity to downtown amenities, major retailers, a golf course, picturesque parks, and the FHN Memorial Hospital.
- The area supports ±1,800 businesses with ±19,000 daytime employees, with office rents rising an average of 2.6% yearly over the past decade.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Value-Add Office Investment with New Leases
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
4
BUILDING CLASS
A
YEAR BUILT
1928
SPRINKLERS
-
PARKING SPACES
200
LAND DETAILS
LAND ACRES
3.52 AC
LAND SF
153,331 SF
ZONING
Multiple
APN/PARCEL ID
18-14-31-154-027
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586-202-2340
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586-202-2340
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