2 W Spring StreetFreeport, IL 61032

Description

Mixed-use investment opportunity in Downtown Freeport! Approx. 4,588 sq ft of flexible commercial, retail, office and residential space, located in the Downtown TIF District and an Illinois Enterprise Zone. Live in one unit and let the rest of the building generate income, or lease it all for multiple income streams. The main level offers a retail space ideal for a coffee shop, boutique or professional business, plus a separate rentable office space, a common entry with mail area, and 4 garage stalls. Plans are drawn for two upper-level apartments: a 3 bedroom, 2 bath unit and a 1 bedroom, 1 bath unit, each with an open living room, kitchen with dining area and in-unit laundry. That makes it a great fit for an owner-occupant, long-term rentals, short-term rentals, or a home base while you travel. A value-add project for investors, owner-users and live/work buyers ready to bring their vision. Schedule your tour today!

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1925

Building area

4,588 Sq Ft

Lot size

0.11 acres

Lot dimensions

40' x 120'

Zoning

COMMR

Days on market

2

MLS^® Listing#

12806379

Property Features

Cooling

None

Construction

Block

Financial Details

Annual taxes

$1,868Tax year 2025

Parcel number

18143125501300

Directions

Corner Spring St and Chicago Ave