Contact us: 563.441.1776
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 Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1925
General Information
County: Stephenson
Listed By:
RE/MAX Unites
815-297-1778
MRED MLS
MLS ID: 12806379
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2 W Spring Street, Freeport, IL 61032.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $200,000 | $200,000 | $200,000 |
| Down Payment | $40,000 | $7,000 | $50,000 |
| Monthly Mortgage Amount | $1,038 | $1,290 | $1,286 |
| Taxes | $278 | $278 | $278 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $88 | $0 |
| Monthly Estimated Total | $1,416 | $1,756 | $1,664 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/13/2026. The listing information on this page last changed on 11/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 11/13/2026 7:53:47 PM EST) or MRED MLS (last updated Fri 11/13/2026 7:50:21 PM EST) or SCWMLS (last updated Fri 11/13/2026 7:47:29 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 11/13/2026 7:02:49 PM EST) or Cedar Rapids MLS (last updated Fri 11/13/2026 7:49:13 PM EST) or NEIRBR MLS (last updated Fri 11/13/2026 7:48:44 PM EST) or ICAAR MLS (last updated Fri 11/13/2026 7:47:36 PM EST) or ECIMLS (last updated Fri 11/13/2026 7:52:18 PM EST) or RMLSA (last updated Fri 11/13/2026 7:51:06 PM EST) or Muscatine MLS (last updated Fri 11/13/2026 7:45:10 PM EST) or No Coast MLS (last updated Fri 11/13/2026 7:45:30 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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