Downtown Freeport Mixed-Use Investment | Multiple Income Streams Strategically located in the heart of downtown Freeport, this multi-level mixed-use building presents an exceptional opportunity for investors seeking diversified and scalable income. The property features multiple finished levels anchored by a second-level residential loft apartment with five bedrooms, ideal for executive housing, short- or long-term rental, or owner occupancy. The commercial component consists of 21 individual rentable spaces, well-suited for salon suites, professional offices, and service-oriented businesses, allowing for tenant diversification and strong demand across multiple business sectors. The building is equipped with a functional elevator, enhancing accessibility and broadening tenant appeal. Additional highlights include ample on-site parking, a high-visibility downtown location, and close proximity to dining, retail, and civic amenities-driving consistent foot traffic and long-term tenancy. This asset offers multiple revenue streams, flexible leasing configurations, and value-add potential through lease optimization or repositioning. Ideal for investors, owner-operators, or portfolio expansion, this downtown Freeport property combines residential income, commercial stability, and strong location fundamentals in one compelling offering.
Property Details
Price:
$459,900
MLS #:
MRD12522183
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
freeport
Listed Date:
Dec 11, 2025
Total Sq Ft:
17,353
Year Built:
1900
See this Listing
Schools
Interior
Cooling
Central Air, Window Unit(s)
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2024
Taxes
$4,800
Map
Community
- Address222 W Exchange Street Freeport IL
- CityFreeport
- CountyStephenson
- Zip Code61032
Market Summary
Current real estate data for Commercial in Freeport as of Jun 21, 2026
12
Commercial Listed
235
Avg DOM
$279,733
Avg List Price
Property Summary
- 222 W Exchange Street Freeport IL is a Commercial for sale in Freeport, IL, 61032. It is listed for $459,900
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Copyright 2026. All rights reserved.
222 W Exchange Street
Freeport, IL


